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Full expensing explained

31st October 2023
You have heard that all equipment bought for your business now qualifies for 100% relief as a deductible expense, so there’s no need to keep a separate record of it as expenditure. Is this correct and why does it matter? Naomi Swan provides the answer. The Spring Budget 2023 introduced full expensing which temporarily applies...

A dozen new tax updates

30th November 2020
Not the Autumn Budget but more tax updates have been released which you should know about. Annual Investment Allowance £1 million temporary cap will be extended until 1 January 2022.  New measures to tackle promoters of tax avoidance, including tougher sanctions and additional HMRC powers. The government publishes draft tax legislation on a range of...