Corporation tax is due to rise from 19% to 25% in April 2023. Try our calculator below to see how much extra tax you will pay? In the March 2021 budget the Government announced a corporation tax rise of 6%. This applies to businesses with profits exceeding £250,000. For businesses with profits under £50,000, the …
Corporation Tax Rises by 6% – Calculate Your Increase Read More »
Due to pay your deferred VAT payment? How to opt in to the new VAT deferral payment scheme and pay monthly instalments? Many businesses deferred their VAT payment for the periods between March and June 2020. This was one of the many Covid support packages offered by HMRC. Unfortunately the deferment is due to end. …
What is an Allowable Christmas Gift and Gifts in general? As Christmas Party Season is now approaching, what constitutes as a Christmas gift? More importantly, what is an allowable Christmas Gift for Tax Deduction purposes? Many Companies over the festive period are unsure what the tax treatment may be, whether providing staff a Christmas party …
Staff Christmas Presents and the Tax Consequences Read More »
There are several options available to pay corporation tax. We go through them all in detail so you can decide the best option. If your payment is received late HMRC will automatically charge you interest so ensure you pay corporation tax on time. Recap: what is corporation tax? Corporation tax is payable on profits of …