Knowledge

The cost of rented accommodation continues to rise. In London, the average monthly rent for a new tenancy is currently £2,109, representing an annual increase of 12.9%. Other major cities…

Being in my third decade as a corporate tax adviser, I’ve seen a few Chancellors come and go, and with them, a whole host of tax rate changes. Whilst it’s…

In the recent Upper Tier Tribunal joint cases of Laing O’Rourke Services Ltd and Willmott Dixon Holdings Ltd v HMRC, it was adjudged that car allowances paid to employees were…

If you are thinking ‘What?!!’ the likelihood is that you are not required to make payments on account. Taxpayers have to make two payments on account towards the final tax…

From 1 April 2023, the rate of Corporation Tax (CT) increased from 19% to 25%. However, the lower rate of 19% can still apply, dependent on the level of “augmented profits”…

While many employees have adopted remote or hybrid working practices to avoid the commute or to move out of the city, a small but growing number are looking even further…

It has now been over 2 years since PIVA was introduced as a business-facilitation measure to help businesses cope with what otherwise could be significant cashflow problems when importing goods…

As a quick refresher, the main benefits of options granted under an EMI scheme are: Options can be granted without any upfront income tax liabilities for the participants. The valuation…

For accounting periods beginning from 1st April 2023, companies must inform HMRC of their intention to submit an R&D claim no later than six months after the end of the…