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? HMRC undertake reviews to ensure employers are complying with their tax and National Insurance (NI) obligations.
Due to the ongoing issues relating to the coronavirus pandemic and its impact, HMRC has announced that it will waive
At the end of May 2021, HMRC issued its Revenue and Customs Brief 7 detailing the policy pertaining to reclaiming
The government has announced today (21 December 2021) additional economic support to help businesses who have been most impacted by