Category Archives: Tax

Companies can claim super-deduction from 1 April

13th April 2021 Posted by -

The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment from their taxable profits, is

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OTS recommended changes to IHT

7th April 2021 Posted by -

The Financial Secretary to the Treasury has written to the Office of Tax Simplification (OTS) to confirm that HM Treasury strongly supports some key

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Temporary carry back of losses

15th March 2021 Posted by -

A new temporary extension to the eligible carry back period for trading losses has been announced. This will allow trading losses to be carried back

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Spring Budget 2021 & Corporation Tax

4th March 2021 Posted by -

The Chancellor confirmed that the Corporation Tax main rate will remain at 19% from 1 April 2021 for the next 2 years. The main rate had been expected

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Spring Budget 2021 – Income Tax Rates & Allowances

8th March 2021 Posted by -

It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will increase to £12,570 (2020-21: £12,500) and the

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Capital Gains Tax exemptions

4th March 2021 Posted by -

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual

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Government to publish range of tax consultations

5th March 2021 Posted by -

In a recent HM Treasury press release it has been confirmed that the government will publish a number of tax-related consultations and calls for

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Did you miss the Self-Assessment deadline?

4th February 2021 Posted by -

HMRC has announced that more than 10.7 million people submitted their 2019-20 Self-Assessment tax returns by the 31 January deadline. This leaves over

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