Businesses can make big tax savings when disposing of assets

With business costs rising as inflation soars, we want to remind companies about the tax incentives that can save businesses thousands of pounds. For example, the Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs Relief, is a type of tax relief which reduces the amount of Capital Gains Tax (CGT). BADR is only available […]

Read More »

Pay boost for millions as National Insurance threshold rises

Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April. The threshold for paying the NI is rising from £9,880 to £12,570, saving taxpayers an average of £330 a year. National Insurance is calculated on gross earnings […]

Read More »

Consultation on global minimum corporation tax for large multinationals

The Government has launched a consultation on how a worldwide 15 per cent minimum corporation tax can be implemented domestically, in a move designed to tackle avoidance and ensure a more level playing field for UK businesses. More than 130 countries signed up to a new global minimum tax framework in October 2021, after the […]

Read More »