The Super Deduction of 130%

The Super Deduction of 130%

Budget 2021 introduced a new super deduction of 130% on qualifying capital expenditure incurred by companies between 1 April 2021 and 31 March 2023. Qualifying expenditure includes plant, equipment and also fixtures within properties. The Government’s intention is to...
COVID Business Support Extensions

COVID Business Support Extensions

So here we are a year later and what a year it has been. We were introduced to the “Furlough” scheme back in March 2020 and whilst we hoped this would have been a temporary support scheme for Employers, we find ourselves subject to another extension of the scheme...
Act Now! Form P11D – Tax on Company Benefits

Act Now! Form P11D – Tax on Company Benefits

P11D – Employers return of Directors / Employee’s Expenses and Benefits in Kind It is time to prepare the Forms P11D and P11D(b) for the 2020/21 tax year. The forms are the employer’s responsibility. They are required for directors or employees who are provided with...
Budget 2021 – Setting out our road to recovery

Budget 2021 – Setting out our road to recovery

Budget 2021 – our roundup of the announcement on 3rd March 2021: In his second Budget and 14th fiscal announcement since succeeding Sajid Javid in February 2020, the Chancellor has attempted to strike a balance between continuing to prop up the businesses worst...
Budget 2021 Predictions: Wither on the Vine

Budget 2021 Predictions: Wither on the Vine

Already the seers are lining up to offer their predications on what will be included in the Chancellor’s Budget 2021 on 3 March. My mantra is always “never prophesy, especially about the future” but as a tax advisor, this has sometimes to be more honoured in the...