Macalvins

Have you submitted your Corporation Tax return yet?

The late payment penalties will double after 1 April, so don’t delay!

Contact us for tax advice.

Capital Gains Tax (CGT) is a big concern for businesses looking to sell their assets.

But Capital Gains Tax rollover relief can allow companies reduce the amount they pay if the proceeds are reinvested into the business.

Find out more: https://ow.ly/7SsJ50YsP6U

The Spring Statement arrived yesterday.

The Chancellor has left things unchanged, with no new measures to ease the financial strain on UK businesses.

Read our thoughts here: https://ow.ly/ucY350YpcRF

Small businesses are getting some much-needed support as the Small Employers’ Relief is set to increase to 9 per cent.

Despite the rising employment costs and business rates, this relief will help ease some of the financial pressure on employers.

Read more in our latest blog: https://ow.ly/jf2E50Yp0jF

businesses

The Chancellor Rachel Reeves held the Spring Statement earlier today.

No new policy changes were announced. Instead, the focus was on the economic outlook, including rising unemployment.

Explore the full updates in our summary: https://ow.ly/YgPQ50YoL72

Many taxpayers are still unclear about the requirements for Making Tax Digital, with almost half in a recent survey saying they know little about MTD.

Getting the right systems in place now will prevent potential problems later.

Read more: https://ow.ly/LIGS50YmWEG

More than 200 leaders from the UK’s hospitality and leisure sector have struck back at the Government’s proposed tourist tax.

Their message was clear in that “holidays are for relaxing, not taxing”.

Read more in Aarohi Shah latest blog: https://ow.ly/CSem50Yhs7A

Understanding PAYE rules is essential for any overseas employee working temporarily in the UK.

It’s essential to know the key requirements to stay compliant and avoid unexpected tax issues.

Read more in Rashmi Pandya latest blog: https://ow.ly/M0YF50Yh3O9