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ACCA – Covid roundup

by | Jul 5, 2021 | Covid-19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A look at some of the various support measures and what is changing As the country moves into the final stages of the lockdown measures, some...

Corporation Tax Rate Rise 2023 – Impact

by | Jun 2, 2021 | Tax News

As you may recall, in the Spring budget 2021 it was announced that Corporation Tax would rise to 25% in April 2023 for Companies with more than £250,000 profits.  It was also announced there would be a taper of the increased rate cutting in at a profit level of...

Accounting for SEISS grants

by | May 19, 2021 | Covid-19, Tax News

We’ve had some queries about how SEISS grants are taxed.  Here is a summary. First they go on your return separately – in box 27.1 if you use the Short SA103, or box 70.1 if you use the full form.  See Tax returns forms updated for Covid grants Secondly,...