Gift Hold-Over Relief is a deferral of Capital Gains Tax when assets are given away or sold for less than they are worth to help benefit the buyer.
The new super-deduction tax break is available on most new plant and machinery investments that ordinarily qualify for 18% main rate.
A new temporary extension to the eligible carry back period for trading losses has been announced allowing trading losses to be carried back for 3 years.
The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme will be extended until the 30 September 2021.
Many small companies perform a lot of work from home. One of our most frequently asked questions s what expenses can you legitimately claim back?
Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief.
HMRC has issued some guidance to taxpayers that deferred their VAT payments between 20 March and 30 June 2020 and still have payments to make.
Government grants will continue for the foreseeable future and certainly until 31 March 2021. The main grants and supports available now are outlined below.
Increased minimum wage rates have been announced to take effect from 1 April 2021. The National Living Wage (NLW) will increase by 2.2%.