Month: March 2022

HomeMarch 2022

A few days left to pay self-assessment bills

Self-Assessment taxpayers have until 1 April 2022 to pay their tax bill for 2020-21 or set up a payment plan to avoid incurring a penalty. A payment plan, if agreed with HMRC, will allow a taxpayer to spread the cost...

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Energy bills support 2022

We have summarised below the three main sources of government support to assist householders with their energy bills for the coming year. They are: A £200 discount on their energy bill this Autumn for domestic electricity customers in Great Britain....

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Spring Statement 2022

The Chancellor, Rishi Sunak, has delivered his Spring Statement to the House of Commons against a backdrop of a growing cost of living crisis. The Chancellor also stressed that, apart from the untold human suffering, the Russian invasion of Ukraine...

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Increase in corporation tax next year

In just over a year’s time, from 1 April 2023, corporation tax rates are increasing. At present, companies pay tax on profits at a single rate of 19%, irrespective of the amounts of profits subject to corporation tax. From 1...

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Time to consider your options

As we approach the beginning of the next fiscal year, from April 2022 to March 2023, what options do you have to rethink your planning options for your personal and business finances? The list that follows is not exhaustive, but...

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Check large company payment profile

Since January 2021, large companies have been requested to sign up to a government initiative that requires them to set out how effective they are at settling supplier payments. This information can be a critical factor if you are a...

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Regulator urges safe giving

The following press release issued by the Charity Commission sets out how to ensure your donations reach those affected by the invasion of Ukraine. “The Charity Commission and Fundraising Regulator have urged the public to ‘give safely’ to registered charities...

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Tax relief for charitable donations

Many of us have chosen to donate to relief organisations in the past week as the plight of displaced persons in Ukraine continues to dominate the news. The following notes explain how you can claim for tax relief on these,...

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Online Sales Tax – a step closer?

High street retailers will be interested in the recent publication of an early-stage consultation that explores the argument for and against an Online Sales Tax. It is argued by the retail sector that business rates discriminate against the high street....

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Back to normal?

Now that the majority of COVID-19 restrictions are being eased, or removed completely, can we assume that normality can return in place of the unremitting uncertainty of the past two years? Whilst this may seem to be a welcome prospect,...

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