by Gareth Thomas | Dec 16, 2025 | Accounting, Business, Taxes
If your company’s profits are growing, you might find yourself stuck in the middle ground – too big for the small profits rate, but not quite up at the main rate level. That’s where marginal relief comes in. It’s designed to smooth the jump between the 19% and 25%...
by Fern Robinson | Mar 22, 2023 | Accounting, Business, Taxes
New corporation tax regime Changes to the corporation tax regime come into effect from 1 April 2023 – the start of the financial year (FY) 2023. From that date there will no longer be a single rate of corporation tax; rather, the rate at which a company pays tax on...
by Charlie Clayton | Apr 2, 2021 | Business, Taxes
Did you know that over the past 40 years, company tax rates have decreased around the world? Back in 1980, the global average was 40%! Many business owners will remember a time when Corporation Tax was 28%. This rate was slashed to the current rate of 19% back in...
by Jon Davies | Mar 3, 2021 | Business, Taxes
What can get an accountant more excited than a tax deduction? A super-deduction!As expected, Coronavirus still loomed over the Budget – there was more help for businesses and employees over the coming months….but a tax bill to be paid in the future.For...
by Charlie Clayton | Aug 20, 2020 | Accounting, Business, Taxes
Even the most prepared amongst us will never have foreseen the end to the 2019/20 tax year. It was a dramatic and worrying time. The Economy shrunk a record 20.4% in April 2020 and 19.1% in the three months to May 2020, all because of the coronavirus. Coronavirus has...
by Jon Davies | Mar 12, 2020 | Coronavirus, Downloads, Taxes
After missing out on a Budget in 2019, yesterday saw the return of the red briefcase. Or was it green? It seemed to change colour live on TV if you take a look here.As expected, coronavirus had an impact on the Budget, including some help for businesses affected....
by Jon Davies | Mar 5, 2020 | Taxes
It seems like the 2019 tax returns have only just gone in but there’s no rest for the wicked – the 5 April 2020 year-end is only 1 month away.Our handy year-end guide rounds up the best ways to cut your tax bill by taking action before 5 April. And before the...
