A lot of financial pundits including us were expecting last week’s budget to be a heavy hitter when it came to raising taxes. However, in the end this was not the case. The Office of Budget Responsibility’s recent announcements of a rebounding economy has given Rishi Sunak the confidence to delay tax rises. But there […]
Author Archives: Priya Raja-Motala
02
Nov
Nov
I’m thinking about buying an electric car. What financial incentives are available to me? The company car is getting its moment again as an exciting tax perk. In a climate conscious age, where Tesla has become a household name, business owners are being encouraged to take to the road in an electric company car. Choosing […]
26
Oct
Oct
In case you haven’t heard the UK is hosting COP26, the 26th United Nations climate change conference next week in Glasgow. Somehow although we are hearing about this huge event almost daily, for most of us it will still feel as if it is something that is happening out there with the politicians. But should […]
18
Oct
Oct
Today we heard the news that passengers returning to the UK will no longer have to take the more expensive PCR test, will that mean more travel for businesses in the coming months or has Covid changed this forever? It is too early to say but we are seeing a gradual return to business travel […]
Cloud Accounting, Digital Technology, HM Revenue & Customs
Making Tax Digital (MTD) Delayed…. Updated January 2023
04
Oct
Oct
Making Tax Digital (MTD) Delayed As we said last week uncertainty and change are in the air! So, this week we have more changes to announce. MTD for self-employed, partnerships and landlords has now been delayed. The change that was originally set to become law in April 2023 has now been pushed back due to […]
01
Oct
Oct
The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures. If you are not familiar with MTD then please visit our previous blogs What is […]
28
Sep
Sep
Do you ever get the impression that to simplify processes, the government complicates it even more? One example is the “simplification” of the Capital Gains Tax (CGT) regime regarding reporting. Selling an investment property and capital gains tax should be something on your mind if you are a landlord. Whilst trying to simplify the process […]
27
Sep
Sep
Uncertainty is yet again in the air! Many businesses are likely to face different challenges over the coming months. This could be due to the rising costs of energy, difficulty in supply chains, rising inflation and wages and of course the end of the furlough scheme next week. We have known about the end of […]
HM Revenue & Customs, National Insurance, News, Payroll, Personal Tax
Introduction of the new Health & Social Care Levy and how it works
22
Sep
Sep
Last week saw the introduction of the new health and social care Levy. Whilst this came as a surprise to many it was not all that unexpected. The UK with its aging population has over many years debated on how to deal with the rising cost of social care. It took the pandemic (and the […]