Corporation Tax U-turn - as expected
This afternoon the PM announced another mini-Budget U-turn, this time concerning corporation tax. What’s the full story?
-
New HMRC guidance on winter fuel payments
HMRC has released new guidance on the recovery of winter fuel payments. What do you need to know?
-
Festive tax breaks for remote workers
You’re familiar with the tax break for Christmas parties but you now have a few remote workers, and the company will need to reimburse their travel and accommodation costs if they attend an event. Which costs count towards the tax-free limit and how can you manage any overspend?
-
New process for some exports starting in Northern Ireland
Starting next month, businesses that import goods via Northern Ireland will need to change their processes. What do you need to know?
Despite numerous assurances that the government would press ahead with its tax-cutting measures in the face of strongly negative political and economic reactions, the Prime Minister has decided to row back on her promise to scrap the forthcoming increase to corporation tax in April 2023. This follows the earlier U-turn on scrapping the additional rate of income tax.
As things stand, the main rate of corporation tax will increase to 25% from 1 April 2023. However, company owners may well feel that they can’t take anything for granted given that there is now significant pressure on the Prime Minister to resign.
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.