Read on for the latest accounting, tax & business news from TidyCloud
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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Last chance for 2022/23 pension contributions
Now is the time for higher earning sole traders, partners and individuals to review your pension contributions for 2022/23 to maximise relief
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Minimum wage increase 2023/24
The minimum wage is set to increase from 1st April 2023 with the hourly National Living Wage increasing to £10.42 per hour.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2023.
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HMRC urges eligible couples to claim Marriage Allowance
HMRC has reminded married couples eligible for the Marriage Allowance to make use of the tax relief.
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‘Digital pound’ likely to launch this decade, says Treasury
The Treasury and the Bank of England (BoE) have suggested that a state-backed ‘digital pound’ is likely to be launched this decade.
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Spring Budget must ease cost pressures on businesses, says BCC
The British Chambers of Commerce has urged the Chancellor to use the upcoming Spring Budget to help ease cost pressures on small businesses.
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Pensioners outnumber young people for filing self assessment tax returns
HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.
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