BFMS Christmas and New Year Opening Hours
*** Christmas Hours ***
Our office will close on Friday 16th December 2022 and re -open on 3rd Ja...
SUPER DEDUCTION ALLOWANCE
Time is running out to claim 130% allowances. The deadline is 31st March 2023
What is it:-
...
CAPITAL ALLOWANCES
CAPITAL ALLOWANCES
Permanent increase in AIA limit
The Annual Investment Allowance (AIA) i...
CORPORATION TAX
Corporation tax reforms
The planned corporation tax reforms are going ahead. From 1 April 2023, t...
CAPITAL GAINS TAX LIMIT REDUCTION
Reduction in annual exempt amount
The capital gains tax annual exempt amount is the amount of net...
DIVIDEND TAX
Reduction in dividend allowance
The dividend tax rates were increased by 1.25% from 6 April 2022 ...
INCOME TAX
Additional rate threshold to fall
The additional rate threshold is to fall from £150,000 to £124,...
CAPITAL ALLOWANCES
AIA transitional limit
The annual investment allowance (AIA) transitional limit will remain at £1...
Covid-19 pandemic resulting in a loss
Extended carry back
If your business has been adversely affected by the Covid-19 pandemic resulti...
Capital gains tax annual exempt amount 2021-22
For capital gains tax purposes, individuals are allowed to realise net gains (after deducting any ca...
National Insurance 21/22
National Insurance rises
Pending the introduction of the Health and Social Care Levy from 6 April...
Pension annual and Inheritance tax annual gift allowance 2021/22
Pension annual allowance
Individuals are able to make tax-relieved pension contributions up to th...
2021-22 Personal allowance
The personal allowance for 2021/22 is set at £12,570. It is reduced by £1 for every £2 by which adju...
2021-22 Dividend and Savings allowance
Dividend allowance
All taxpayers, regardless of the highest rate at which they pay tax, are entit...
New Making Tax Digital timetable
The long-awaited Income Tax (Digital Requirements) Regulations 2021 (SI 2021/1076) have now been pub...
Autumn Budget Rates Allowances
The Chancellor, Rishi Sunak, presented his Autumn Budget and Spending Review on 27 October 2021
...
Autumn Budget Income tax rates and allowance
The Chancellor, Rishi Sunak, presented his Autumn Budget and Spending Review on 27 October 2021
...
Super Deduction for Capital Expenditure
This new super deduction allowance is only available to Limited Companies chargeable to corpora...
Off-Payroll Working
Off-payroll working rules extended
The extended off-payroll working rules finally come into effec...
COVID-19 Pandemic Support Update
Covid-19 support
As lockdowns continue, many businesses remain affected by the Covid-19 pandemic ...
USE YOUR ALLOWANCES FOR 2020-21
Limited window for using your 2020/21 tax allowances
Individuals are entitled to a number of allo...
Residential stamp duty land tax threshold is increased temporarily to £500,000
The residential stamp duty land tax threshold is increased temporarily to £500,000 until 31 March 20...
Off-payroll working
The off-payroll working rules that currently apply where services are provided to a public sector bo...
Making Tax Digital (MTD)
Making Tax Digital (MTD) requires taxpayers to maintain electronic records and ‘communicate’ with HM...
Relief for losses
If your business has been adversely affected by the Covid-19 pandemic and you think that you might h...
Claim back SSP for Coronavirus-related absences
Employers who had fewer than 250 staff on 28 February 2020 can claim back up to two weeks’ statutory...
Deferred tax payments
To help those affected by Coronavirus, taxpayers could delay paying their payments.
(more&hellip...
Do not miss the COVID-19 deadlines
The Government have put various support measures in place. It is important that you do not miss the ...
COVID19 – Government Support for Businesses 01.04.2020
VAT Deferral - VAT payments from 20 March 2020 until 30 June 2020
Any businesses that wish ...
Waste criminals targeted
A new taskforce, the Joint Unit for Waste Crime (JUWC), has been launched. The taskforce is dedicate...