Articles
Will Corporation Tax Hike Affect UK Business?
International companies are still keen to base their businesses in the UK, in spite of the proposed increase in corporation tax. This has been shown by Shell recently announcing it is planning to move its tax residence to the UK, as the country has a...
How To Plan Effectively For The National Insurance Increase
At the start of the next tax year, National Insurance contributions and dividend tax rates are set to increase by 1.25 per cent. This increase, part of a ring-fenced health and social care levy, will take effect from the start of the 2022/23 tax year, on...
Autumn Budget Report 2021
S4B’s summary of the Autumn Budget Report 2021 explores the measures introduced and any changes which may affect you, your family and your business. To help you decipher what was said, we have included our own comments. Click here to read the full report
Thinktank Calls For Tax On High-Carbon Companies
A new report by the Centre for Policy Studies (CPS) calls for a carbon tax to help the government meet its 2050 carbon net zero target. Activities such as burning fossil fuels should be made more expensive as a way to nudge businesses and consumers...
How Does The UK’s Tax Compare To The EU
Many people are feeling frustrated at finding out that tax in the UK has increased, but it turns out that the UK is not one of the biggest taxpayers in Europe. While income tax is not set to increase, National Insurance has increased by 1.25%...
What Does The Biggest Tax Rise In A Generation Mean?
Conservative Prime Minister Boris Johnson has announced the largest tax increase since the 1970s to help fund social care and NHS spending, and it could have significant consequences for the UK’s economic recovery. Reuters reports that while some Tory MPs have been angered by the...
Inheritance Tax Most Hated Type Of Tax
Inheritance tax (IHT) has once again been voted the most hated type of tax in the UK with one in four placing it at the top of their list The survey conducted in September by Opinium for Hargreaves Lansdown found that 24% of participants believed...
HMRC Postpones Making Tax Digital for Income Tax Self Assessment Until 2024
HM Revenue and Customs (HMRC) have announced that its initiative Making Tax Digital (MTD) for Income Tax Self Assessment will be introduced a year later than planned, in 2024. MTD is an umbrella term for major digitisation of the UK tax system, and was introduced...
How To Ease the Pressure of Bounce Back Loan Repayments
The government’s Bounce Back Loan scheme has thrown an essential lifeline to thousands of businesses during the pandemic. Repayments began in April this year, but as many businesses are still struggling under the lasting economic conditions caused by lockdown and other restrictions, what options do...
Top Tax Tips For Small Business Owners
Getting your accounts in order ready for the tax season is not the most glamorous part of running a small business, but this vital task does not have to take forever nor does it have to be arduous. There are helpful tax planning accountants who...