If you are on UK employment, you will automatically be granted a tax code. The amount of tax you will pay will depend on your tax code, as the tax code will determine how much of the UK tax allowance you can claim, the current

Not only will R&D claimants need to be compliant with the changes that came into effect from April 2023, but another amendment to the claim process is due to come into effect from 8th August 2023. From the 8th August 2023, you will need to

HMRC have released statistics showing an increase in the number and amount of investments made under the Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) and Social Investment Tax Relief (SITR) scheme. EIS, SEIS and SITR provide methods of raising finance while providing investors with

What is MTD for ITSA? MTD for Income Tax Self-Assessment (ITSA) is a fundamental change to tax reporting for individuals and will replace the Self-Assessment tax return with a series of quarterly submissions, an end of period statement and a final declaration. The submissions will

In his Spring Budget the Chancellor made changes to the capital allowances regime to help growth and investment. Following the rise in corporation tax from 19% to 25% from 1 April 2023, two major changes were announced: Full Expensing Full expensing will allow companies to

The Chancellor has added more changes to the relief for small and medium (“SME”) sized companies. The changes that were already scheduled to come in from 1 April 2023: Recent changes to the R&D regime | FKGB Accounting In terms of changes that were announced

The Chancellor, Jeremy Hunt made his Spring Budget 2023 speech on Wednesday 15 March. The devil is often in the detail which the list below further highlights. Income tax rates and allowances No changes were announced: these remained locked until 2028 There are increases to

The first step is to determine which plan is your student loan (blog is discussing Student Finance England student loan) – If you started your course before 1 September 2012, you’re on Plan 1. If you started your course between 1 September 2012 and 31

If you live in the UK and work for an overseas employer that does not have a UK payroll scheme then you might need to setup a DPNI scheme, as you will likely need to pay tax on your salary and National Insurance contributions. HMRC

An individual can sometimes be confused regarding their payslip due to many different figures and lack of explanation of the background of the figures. The aim of this blog is to give you the tools to understand the mechanics of your payslip and then you