Tax
Have you used your capital allowances this financial year?
Mar 19, 2024
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill. For business owners, there are a number of tax reliefs you ...
READ MORE
Making the most of pension contributions for tax purposes
Mar 12, 2024
Are you ready for the end of the 2023/24 tax year? 5 April 2024 marks the end of the current financial year, so the deadline to use several important annual reliefs and allowances is fast approaching. Pension contributions represent a significant tax ...
READ MORE
Spring Budget 2024
Mar 06, 2024
The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year. Although a date for the next general ...
READ MORE
My business prioritises sustainability – Can I claim tax reliefs?
Mar 05, 2024
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level. However, overhauling business processes and purchasing new, greener assets can present a significant cost to SMEs and businesses without large cash ...
READ MORE
Understanding VAT for limited companies and unincorporated businesses
Feb 29, 2024
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities. Understanding VAT is crucial for business owners, as it not only affects how they price their products ...
READ MORE
Can I claim Employment Allowance for my business?
Feb 22, 2024
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs). What is the Employment Allowance? The ...
READ MORE
HMRC U-turns on its double cab pickups tax decision
Feb 20, 2024
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) ...
READ MORE
Loophole closed: Pickups are now classed as cars (NOT vans)
Feb 15, 2024
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars. Historically, a double-cab pickup with a payload of one tonne (1,000kg) ...
READ MORE
Government to change tax law twice before election – How to prepare
Feb 01, 2024
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year. The Guardian reported: “Rishi ...
READ MORE
Attention UK Taxpayers – do you understand the 500T tax code?
Jan 31, 2024
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information. They use this code to assign a standard tax code, usually in new employment, complex tax situations, or as an emergency measure. HMRC’s ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.