Watson Knipe Blog

No changes to the current rates of CGT were announced in the Spring Budget in March 2023. This means that the rate remains at 10%, to the extent that any income tax basic rate band is available, and 20% thereafter.

Update following the Spring Budget in March 2023. The nil rate band has been frozen at £325,000 since 2009 and this will now continue up to 5 April 2028.

This update is from the Spring Budget announcement in March 2023; we wanted to highlight key points you need to know concerning pensions.

The MTD regime is based on businesses being required to maintain their accounting records in a specified digital format and submit extracts from those records regularly to HMRC.

Following the Spring Budget 2023, this article summarises three important areas for businesses: Corporation tax, Capital allowances and R&D Development.

In the Spring Budget 2023, there were updates to National Insurance contributions, wages and changes to tax benefits on cars and vans. This article summarises the changes that you need to know as an employer.

The Spring Budget was announced on 15 March 2023, we have summarised the key aspects of the budget that relate to personal tax.

Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecasted a stronger-than-expected performance from the UK economy this year with inflation continuing to fall.

This update is a summary taken from the UK Rental Market Report issued by Hometrack. It’s useful for landlords and property investors to keep an eye on trends in the rental property sector. The main challenge in the rental property market is the discrepancy between demand and supply.

One of the main challenges that small businesses face with regard to cash flow is dealing with late payments from clients. A recent study carried out by Xero found that the average time small businesses must wait for clients to pay them is currently 31 days.

During the pandemic, there were lots of grants available to businesses to support them through that difficult time. A lot of grants were funded by the EU’s European Regional Development Fund but nearly all ERDF schemes have now come to an end.

This is a summary of key points from the Zoopla UK house price index published in January 23. We think this information will be useful for landlords and property investors.

Self-Assessment tax return for the last tax year (6 April to 5 April) must be submitted if any of the following apply to you:

As a business owner, you know that you must collate all your paperwork each year to prepare your tax return. This can be a much easier process if, during the year, you have been managing your bookkeeping effectively. When businesses start, they often do this themselves.

On 19 December 2022, the UK Government announced that the first phase of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now be mandated starting from April‌‌‌ ‌‌2026, rather than from April‌‌‌ ‌‌2024.

This is a summary of the latest UK Rental Report created by Zoopla, published on 9 December 2022. This is useful information for landlords and property investors that want to check what the latest trends are in the rental sector.

As we are getting close to Christmas, we thought we would share an update about employers’ obligations regarding social functions and parties for your employees. It’s important to note that this also applies to online or virtual parties.

The Chancellor announced several changes in the Autumn Statement that impacted Income Tax. We have summarised the key points below for income tax rates, income tax allowances and dividends.

The Autumn Statement gave updates on several areas that will be of interest to businesses, these include Corporation Tax Rates, Capital Allowances, R&D, Investment schemes for businesses, VAT and National Living Wage rates.

In the Autumn Budget 2022, there were some updates on Capital Gains Tax, Inheritance Tax, and Stamp Duty Land Tax. Below is a summary for each of these areas.