Company Tax

Corporation Tax Rises by 6% – Calculate Your Increase

Corporation Tax Rise Calculator

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 …

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What is the VAT deferral new payment scheme?

VAT Deferral New Payment Scheme

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. …

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Staff Christmas Presents and the Tax Consequences

Christmas Gift

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 …

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