Steve Lant
Tax Partner

t: +44 (0)191 243 6069
e: stephenlant@unw.co.uk
David Ward
Tax Partner

t: +44 (0)191 243 6081
e: davidward@unw.co.uk
MEET THE TEAM

Business Tax

All companies, partnerships and sole traders incorporated in the UK (and those overseas with a taxable presence on these shores) are subject to business tax.

The headline rates of corporation tax have decreased over the last few years, with the latest reduction (20% to 19%) effective from 1st April 2017. In addition to this, a further reduction to 17% will come into force from 1 April 2020.

Under the UK tax system, a company’s profit before tax in its statutory accounts is subject to various adjustments, which are then taxed at a relevant rate.

UNW’s tax team will proactively guide clients through this legislation to minimise their corporation tax bills, in accordance with the relevant legislation. Please click here for more information regarding our tax services.

LATEST NEWS

HMRC Employer Compliance Reviews – on the increase!

What is the background? HMRC undertake reviews to ensure employers are complying with their tax and National Insurance (NI) obligations.

HMRC announces one month extension to Self Assessment tax return deadline

Due to the ongoing issues relating to the coronavirus pandemic and its impact, HMRC has announced that it will waive

HMRC announces review into policy on claiming VAT when charging electric vehicles for business purposes

At the end of May 2021, HMRC issued its Revenue and Customs Brief 7 detailing the policy pertaining to reclaiming

Additional COVID-19 economic support package announced

The government has announced today (21 December 2021) additional economic support to help businesses who have been most impacted by