Read on for the latest accounting, tax & business news from TidyCloud
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2023.
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‘Fresh thinking’ needed in regard to MTD for ITSA
The ICAEW has written to HMRC to outline key points that it believes should be considered before the implementation of MTD for ITSA
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Don’t miss out on a tax refund for work expenses
HMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.
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Self Assessment Helpline Closed
HMRC have closed the self assessment helpline from 12 June 2023 to 4 September 2023 pushing taxpayers to use digital methods to make contact.
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Small businesses at risk as energy costs rise
The end of the Energy Bill Relief Scheme (EBRS) on 1 April could threaten the future of hundreds of thousands of small firms, according to research by the Federation of Small Businesses (FSB).
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Bank of England raises UK interest rates to 4.25%
Interest rates have been increased to 4.25% from 4% by the Bank of England (BoE) as it tries to slow rising prices.
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Business groups welcome Spring Budget
The UK’s business groups largely welcomed the measures taken in the Chancellor’s Spring Budget announced last month.
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Pension Changes – Spring Budget 2023
Here’s some of the key changes to pensions as a result of the Spring 2023 Budget revealed by Chancellor Jeremy Hunt.
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Corporate Capital Allowances – Full Expensing
From 1 April 2023 until 31 March 2026, companies liable for corporation tax will be able to benefit from “Full Expensing”.
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