Working capital and its impact on transaction values
Moore member firm Kingston Smith explores the complexity of working capital mechanisms and their significant impact on transaction values. Key factors influencing working capital include the nature and size of the business, revenue trends, inventory management, and customer and supplier payment terms.
Autumn Budget 2024: What are the Expected Tax Changes for the 2024 Autumn Budget
When is the budget taking Place?
There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October.
Speculation is rife regarding the likely targets for tax changes and increases. We have listed a few of the more persistent predictions below. But note, these are just predictions, and there will no doubt be “surprises” when the Budget details are released.
How to claim Corporation Tax Trading loss carry back? | Relief for company tax trading losses
Corporation Tax relief may be available when a company or organisation incurs a trading loss, a loss on the sale or disposal of a capital asset, or property income. The loss may reduce Corporation Tax by offsetting it against other profits or gains from the same accounting period.
Corporation Tax in the UK: What lies ahead?
Corporation tax in the UK is levied on the profits generated by UK resident companies and branches of overseas companies. These profits, typically derived from successful business operations, often fall within the limited liability company category.
Corporation Tax marginal rate | How do you calculate corporation tax marginal relief
The Corporation Tax main rate for companies with profits in excess of £250,000 increased to 25% on 1 April 2023. A Small Profits Rate (SPR) of 19% was also introduced from the same date for companies with profits of up to £50,000, ensuring these companies continue to pay Corporation Tax at the same rate as was previously the case.
Tax Diary November 2023
Key dates for your tax diary in November 2023.
Tax Diary November 2023
Key dates for your tax diary in November 2023.
Tax Diary October 2023 | Important Tax Year Dates and Deadlines
Key dates for your tax diary in October 2023.
Tax Diary October 2023 | Important Tax Year Dates and Deadlines
Key dates for your tax diary in October 2023.
Tax Diary September 2023
Key dates for your tax diary in September 2023.
What are the rules for Corporation tax with Large and Very Large companies.
A large company with taxable profits between £1.5m and £20m is required to pay
Corporation Tax in 4 equal instalments. These instalments are payable in months 7, 10, 13 and 16 following the start of the relevant accounting period. The actual payments are due 6 months and 13 days after the start of the accounting period, then 9 months and 13 days, then 12 months and 13 days and finally 15 months and 13 days after the start of the accounting period.
TAX DIARY JUNE AND JULY 2022
Key dates for your tax diary in June and July 2022.
Tax Diary May and June 2022
Key dates for your tax diary in May and June 2022.
What is the corporation tax increase from April 2023
The current Corporation tax rate of 19% generally applies to all companies whatever their size. From 1 April 2023, this rate will cease to apply and will be replaced by variable rates ranging from 19% to 25%.
Beware of being an over-trader
Whisper it quietly but we may be approaching the end of the major disruption to the economic activity of the past two years. This would be great news for those trades badly affected by previous lockdowns and other restrictions.
January tax payment reminders
As you will see from our latest tax diary, there are two significant tax payment deadlines in January.
Tax Diary January and February 2022
Key dates for your diary in January and February 2022.
Tax diary December 2021 and January 2022
Key dates for your diary in December 2021 and January 2022
What negatives came from the October 2021 Budget?
The October Budget 2021 was a mixture of both positive and negative news for UK residents and businesses. We have highlighted key negative news for both.
Tax Diary October/November 2021
Tax Diary for the months of October and November 2021
TAX DIARY JUNE & JULY 2021
Important dates for your tax diary in June and July 2021.
TAX DIARY MAY & JUNE 2021
Important dates for your tax diary in May and June 2021.
Tax Diary April & May 2021
Important dates for your tax diary in April and May 2021.
Super Deductions on new plant and machinery assets from 1 April 2021
Starting 1 April 2021 and ending 31 March 2023, most companies that invest in qualifying new plant and machinery assets will be able to claim new super-deductions and allowances.
Tax Rate Card 2021/22
Important dates for your tax diary throughout the tax year.
Tax Diary February/March 2021
Important dates for your tax diary in February and March 2021.
Tax Diary September/October 2020
1 September 2020 - Due date for corporation tax due for the year ended 30 November 2019.
Tax Diary - important dates for August/September 2020
Important dates for your diary
Tax Diary May 2019
Important tax dates for your May diary
Tax Diary March 2019
Important tax dates for March.
Tax Diary March 2019
Important tax dates for March.
Tax Diary January 2019
See important tax dates for January here.
Tax Diary January 2019
See important tax dates for January here.
Tax diary for November 2018
November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month.
Tax diary for November 2018
November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month.
Making Tax Digital timeline
You will be aware that HMRC is moving forward with their digitisation of taxpayer VAT and Income Tax reporting requirements, under their much publicised Making Tax Digital (MTD) initiative. Below you will find the most recent announcements made by HMRC on this issue.
Making Tax Digital timeline
You will be aware that HMRC is moving forward with their digitisation of taxpayer VAT and Income Tax reporting requirements, under their much publicised Making Tax Digital (MTD) initiative. Below you will find the most recent announcements made by HMRC on this issue.
Tax-free childcare support expanded
Since 14 February 2018, tax-free childcare has become available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the cost of childcare.
According to government, it is quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HMRC has been gradually rolling out tax-free childcare since April 2017.
Tax-free childcare support expanded
Since 14 February 2018, tax-free childcare has become available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the cost of childcare.
According to government, it is quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HMRC has been gradually rolling out tax-free childcare since April 2017.
Building a Great Britain fit for the future
The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers.
Building a Great Britain fit for the future
The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers.
Tax Diary April/May 2016
Tax Diary April/May 2016