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.
What is the background? A salary sacrifice is an agreement between an employee and their employer, where the employee agrees
The Chancellor of the Exchequer, Rishi Sunak, has announced that this year’s Autumn Budget will be delivered earlier than anticipated
The Government announced today an increase in the cost of National Insurance for employers and employees and the self-employed to
Newcastle-based chartered accountancy and business advisory firm UNW has announced the promotion of Fern Rivett to audit and assurance partner,