HMRC
Expenses and Tax According To Trade Part 2
Last month we published part 1 of expenses and tax according to trade and this month is part two. It is still one of the most common questions we get on a regular basis “what expense can I claim according to trade”? Click here for Part One of Expenses and Tax According to Trade BARRISTERS Since 2015 barristers
fuel rates
HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2023. This is a ‘At a glance’ guide to advisory fuel rates for company car drivers. The new fuel rates are: Engine size ____ Petrol ____ Diesel ____ LPG ____ Electric* 1,400cc or less 13p 10p 9p 1,600cc or less 13p 9p
When Is The Spring Budget 2023
When Is the Spring Budget 2023? The Chancellor Jeremy Hunt has announced he will deliver his Spring Budget 2023 on 15th March 2023. In a written statement he said: “I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for March 15 2023 to accompany a Spring Budget. “This forecast,
Tax-Deductible Christmas Gifts
Tax-Deductible Christmas Gifts & Expenses Accounting for Christmas Cards Cards are a festive tradition, although lots of organisations may choose to send digital greetings to minimise paper wastage – it is worth noting – if you decide to send cards, these can be recorded as a Tax-Deductible Christmas Gift and expense. Worth noting, that any charitable donations or contributions to
Phased Mandation of MTD
Phased Mandation of Making Tax Digital for ITSA Following a government announcement on 19th December 2022, Self-Employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). The mandatory use of software is therefore being phased in from April 2026, rather than April 2024. From April 2026, self-employed individuals
Mini Budget Where are we now
Mini Budget – Where are we now? Following a mini budget announcement that rocked the markets, the government made a dramatic u-turn. That mini budget has since had further u-turns, not to mention the latest turnaround in Prime Minister and Chancellor – it’s a struggle to keep up! Where are we now? On the morning of 17 October,
Emergency Budget and Mini Budget
The Emergency Budget and Mini Budget was announced today 23rd September by Chancellor Kwasi Kwarteng. His announcements come amid the Government’s growth plan vowing to break the ‘cycle of stagnation’ The ‘Emergency Budget’ and Mini Budget has seen the biggest assault on the tax burden since 1972. Emergency Budget and Mini Budget In Summary: Freeze on Energy Bills
WHAT IS DIGITAL TAX FILING
Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital (MTD) for Income Tax from 6 April 2024 and submit digital tax filing, Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to test and develop the Making
Cost of Living Changes August 2022
Cost of Living Changes August 2022 Inflation has soared above 9% in the UK – the highest in more than 40 years. While the energy price cap increase is expected to send annual household energy bills up to £4,000 for the average household. On Thursday the Bank of England announced that it was raising interest rates to 1.75% from
FINANCE BILL 2022-2023
The Finance Bill 2022-2023 draft legislation and policy papers have been released by the UK government. This draft legislation Finance Bill indicates what to expect with possible changes to renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system. We take a look at just some of the key changes coming in*: (*It is worth
Robinsons Chartered Certified Accountants is a highly respected and established accountancy firm with a small team of central London staff and additional back office support.
