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Almost all tax cuts announced in the mini-Budget have been reversed

Following on from the previously announced U-turns on Corporation Tax and the top rate of income tax, new Chancellor Jeremy Hunt has today announced plans to scrap ‘almost all’ the tax cuts announced in the ‘mini-Budget’ on 23 September.  

17 Oct 2022 Read more
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Are you prepared for Making Tax Digital for Income Tax Self Assessment?

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is HMRC’s second phase of digitalising the UK tax system. It will impact self-employed individuals and landlords with a taxable income above £10,000 from April 2024.

14 Oct 2022 Read more
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Things to consider when making a Will

Following the death of a loved one, legal battles and family disputes can arise over the divisions of estates and personal possessions. These can be costly and emotional for those involved but are preventable.  

13 Oct 2022 Read more
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MTD - What does this mean for Freelancers?

Making Tax Digital (MTD) is HMRC’s initiative to make the UK tax system effective and efficient in today’s digital world. MTD is intended to make life easier and to file tax returns more accurately for the taxpayer.

13 Oct 2022 Read more
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Remote working abroad: what are the risks for employers?

Following the increase in remote working during the Coronavirus pandemic, we have seen it become commonplace for companies to allow their employees to live and work abroad in a country that is not the country that they are primarily employed in.

12 Oct 2022 Read more
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Top Tips for Managing Your Cash Flow During Uncertain Times

Whilst the UK economy continues to slow, but is not officially in a ‘recession,’ business owners may be worrying about the impact that going into a recession could have on their business and with experts unable to predict the severity or the length of it, many business owners are fearing that the worst is yet to come. 

12 Oct 2022 Read more
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Tax Diary October/November 2022

1 October 2022 - Due date for Corporation Tax due for the year ended 31 December 2021. 19 October 2022 - PAYE and NIC deductions due for month ended 5 October 2022. (If you pay your tax electronically the due date is 22 October 2022.)

4 Oct 2022 Read more
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Winter Fuel Support

If you were born on or before 25 September 1956 you could receive between £250 and £600 to help you pay your heating bills. This is known as a ‘Winter Fuel Payment’.

4 Oct 2022 Read more
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Can I claim loan/mortgage interest as a tax reduction?

Although finance costs, predominantly loan interest, are now disallowed as an expense that can be utilised to reduce taxable rental income, these charges do qualify for a tax credit limited to 20% basic rate Income Tax.

4 Oct 2022 Read more
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When is the MTD Deadline for General Partnerships?

HMRC’s vision to digitalise the UK tax system continues to unfold with General Partnerships that have a taxable income above £10,000 set to join Making Tax Digital (MTD) for Income Tax from April 2025. 

4 Oct 2022 Read more
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Online VAT returns are set to close on 1 November 2022.

Online VAT returns will close on 1 November 2022 as part of HMRC’s Making Tax Digital (MTD) movement. This will leave VAT registered businesses to choose either using MTD compatible software or face penalties, unless they are exempt.

4 Oct 2022 Read more
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Moore East Midlands Partner Peter Simons retires after 33 years

Peter Simons, Partner at Corby and Northampton-based accountancy practice Moore, has retired after a career spanning 33 years with the firm.

27 Sep 2022 Read more
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