The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax
Changes to cash basis reporting set out in the Autumn Statement will see the complete removal of the £150,000 turnover threshold limit for sole traders
The overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing
The Chancellor has cut the rate of employee National Insurance by 2% to 10% to take effect in January, reducing total tax for basic rate taxpayers to 30%
In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i, examines whether capital allowances can be claimed when a business premises transfers to the owner’s home and needs refurbishment