Watson Knipe Blog

Over the summer, many businesses are quieter than normal as everyone takes time off over the school holidays. If it’s a quieter time for you, then it may be a good opportunity to get all your paperwork ready for the next tax return.

In the Spring Budget, March 2022, some changes to R&D tax relief were announced. From April 2023, several changes were proposed to the regimes from both existing relief schemes, including the expansion of relief to cloud and data computing.

This article gives an update on Making Tax Digital, Corporation Tax Rates and Capital Allowances. There is also an update on The Residential Property Developer Tax which was introduced in April 2022.

As an employer, it’s important to keep up to date with changes in employment tax. We offer a payroll service and always ensure that our clients are kept up to date with these changes so they remain compliant and it also helps them with financial planning.

We wanted to give you an update on personal tax following the Spring Budget in March 2022. It’s important to be aware of any changes that can impact your tax and to take advantage of any allowances available to you.

In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.

This article outlines some changes to corporation tax, capital allowances and the R&D tax relief that may be applicable to your business over the next couple of years.

In the Autumn Budget 2021, several changes were announced which would impact on businesses that have employees. We have written this article summarising some of the main changes that you need to be aware of if you are an employer.

It’s important to understand the changes to personal tax and the allowances available to you over the coming year to help with financial planning. We have pulled out some key information that will be useful for you following the changes announced by the Chancellor in the Autumn Budget 2021.

Hopefully, you will have filed your 2020 to 2021 tax return by the normal deadline of 31 January 2022. If you haven’t, read on as the HMRC has announced that they will waive late filing and late payment penalties for one month.

This article gives an update following the Autumn Budget 2021 on Making Tax Digital (MTD) that businesses need to be aware of in preparation for 2022. 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.

If you live or work overseas, then your UK tax status will be affected. We offer a wide range of services for expatriates and help them to ensure they are compliant with tax legislation in the UK.

In September 2021 HMRC announced a new system they are implementing to deal with anyone that submits their VAT or tax returns late.

If you are self-employed and have claimed the Self-Employment Income Support Scheme grants (SEISS) during the lockdown, you must read this article.

Most people know that the tax year is from 6 April to 5 April the following year, but there are other dates you must be aware of especially if you are required to fill out a self-assessment tax return. If in the last tax year you were self-employed, a company director, lived abroad and had a UK income.

If you are a man born on or after 6 April 1951 or a woman born on or after 6 April 1953, you’ll be able to claim the new State Pension. However, if you reached State Pension age before 6 April 2016 you’ll get it under the old rules instead.

On Wednesday 8 March Chancellor Philip Hammond presented the Spring Budget 2017. We have created a document that you can download here and read our summary by clicking this link: Spring Budget 2017.

The recent Budget made changes to the support available to help pay for childcare in the UK, but also added new levels of confusion, making it harder to work out what individual households are entitled to.

The Spring Budget 2017, delivered by Chancellor Philip Hammond on 8 March, was billed as being notable for the fact that it would be the last ever spring budget. Going forward the budget will be shifted to the autumn, with the equivalent of the Autumn Statement now taking place in spring.

We are at the start of the new tax year, this is the best possible time to take stock of the tax allowances and rates that affect a high proportion of adults in the UK, particularly in the light of recent Budget announcements.