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Corporation tax

TAX DIARY JUNE AND JULY 2022

Key dates for your tax diary in June and July 2022.

Tax Diary May and June 2022

Key dates for your tax diary in May and June 2022.

What is the corporation tax increase from April 2023

The current Corporation tax rate of 19% generally applies to all companies whatever their size. From 1 April 2023, this rate will cease to apply and will be replaced by variable rates ranging from 19% to 25%.

Beware of being an over-trader

Whisper it quietly but we may be approaching the end of the major disruption to the economic activity of the past two years. This would be great news for those trades badly affected by previous lockdowns and other restrictions.

January tax payment reminders

As you will see from our latest tax diary, there are two significant tax payment deadlines in January.

Tax Diary January and February 2022

Key dates for your diary in January and February 2022.

Tax diary December 2021 and January 2022

Key dates for your diary in December 2021 and January 2022

What negatives came from the October 2021 Budget?

The October Budget 2021 was a mixture of both positive and negative news for UK residents and businesses. We have highlighted key negative news for both.

Tax Diary October/November 2021

Tax Diary for the months of October and November 2021

TAX DIARY JUNE & JULY 2021

Important dates for your tax diary in June and July 2021.

TAX DIARY MAY & JUNE 2021

Important dates for your tax diary in May and June 2021.

Tax Diary April & May 2021

Important dates for your tax diary in April and May 2021.

Super Deductions on new plant and machinery assets from 1 April 2021

Starting 1 April 2021 and ending 31 March 2023, most companies that invest in qualifying new plant and machinery assets will be able to claim new super-deductions and allowances.

Tax Rate Card 2021/22

Important dates for your tax diary throughout the tax year.

Tax Diary February/March 2021

Important dates for your tax diary in February and March 2021.

Tax Diary September/October 2020

1 September 2020 - Due date for corporation tax due for the year ended 30 November 2019.  

Tax Diary May 2019

Important tax dates for your May diary

Tax Diary March 2019

Important tax dates for March.

Tax Diary March 2019

Important tax dates for March.

Tax Diary January 2019

See important tax dates for January here.

Tax Diary January 2019

See important tax dates for January here.

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Making Tax Digital timeline

You will be aware that HMRC is moving forward with their digitisation of taxpayer VAT and Income Tax reporting requirements, under their much publicised Making Tax Digital (MTD) initiative. Below you will find the most recent announcements made by HMRC on this issue.  

Making Tax Digital timeline

You will be aware that HMRC is moving forward with their digitisation of taxpayer VAT and Income Tax reporting requirements, under their much publicised Making Tax Digital (MTD) initiative. Below you will find the most recent announcements made by HMRC on this issue.  

Tax-free childcare support expanded

Since 14 February 2018, tax-free childcare has become available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the cost of childcare.  According to government, it is quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HMRC has been gradually rolling out tax-free childcare since April 2017. 

Tax-free childcare support expanded

Since 14 February 2018, tax-free childcare has become available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the cost of childcare.  According to government, it is quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HMRC has been gradually rolling out tax-free childcare since April 2017. 

Building a Great Britain fit for the future

The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers.   

Building a Great Britain fit for the future

The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers.