Key tax & accounting deadlines to 29 February 2024

As we move through the tax year, here’s a reminder of the approaching tax & accounting deadlines affecting businesses. December 2023 1 December – Deadline for corporation tax payment for accounting period ended 28 February 2023 1 December – Updated advisory fuel rates published 7 December (10th if paid by direct debit) – VAT returns and payments for quarter ended … Read More

Autumn Statement

BUSINESS Full Expensing In the Spring Budget 2023, the government announced “full expensing” whereby a business gets full tax relief at 25% when making investments in the year of investment on qualifying assets. Businesses obtain 25p of tax relief for every £1 that they invest. Originally set to expire in 2026, this measure has now been made permanent, providing certainty … Read More