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Have you disposed of UK land and property recently?
Payroll Key Updates
Have you taken the plunge and set up in business on your own? 
Business Resilience in Tough Times
ATED Returns have you had a valuation of your property recently
All you need to know about Trust Registration
Making Tax Digital for Income Tax Self Assessment - Where are we now?
Why should I file my Tax Return Early?
End of 12.5% Temporary VAT Rate
Family Investment Companies – what are they? 
Spring Statement - What this means to your business
Spring Statement 2022 - What this means to Individuals
Spring Statement 2022
How to extract cash tax efficiently from your business
Should you consider a Salary Sacrifice Arrangement to reduce Income Tax and NIC's?
Xero User Tips: Managing Cashflow with Xero
Did you know that your CryptoCurrency is taxable?
Are the tax breaks for working from home being axed in April?
New VAT penalty regime due to come in 1 April 2022, has been DELAYED! 
Capital Allowances Super Deduction
Why are shareholders agreements important?
Are changes to tax relief on pension contributions on the horizon? 
Making the most of your tax allowances for the 2021/2022 tax year
Xero Accounting User Guide - Don't Forget to Check Your Bank Balances
Are you a residential landlord thinking about selling up?
Scammers posing as HMRC
New dates and deadlines for 2021 Tax Return
Outsourced accounting for your business
2021 Tax Return hints and tips for making the most of available tax allowances and reliefs
'Pay As You Grow' your business post pandemic
Forgotten tax relief – is it too late to make a claim?
Rishi’s second budget of 2021 or was it more of a spending review?
Making Tax Digital – exactly where are we now?
Investing in Small Businesses
Health and Social Care Levy gets the thumbs up by MPs
Pros and cons of electric company cars
What are R&D tax credits and does my company qualify?
Can we help you file your 2021 Tax Return earlier?
How can HMRC find out about my rental income?
Making Tax Digital - update from CKLG Accountants
Will the new ‘super-deduction’ tempt you to invest in new assets for your business?
Can I claim Private Residence Relief when selling a property?
Has your Furnished Holiday Lettings business been affected by COVID-19?
Will I pay tax when I sell my home?
Travel restrictions may have unexpected tax consequences due to COVID19
Self-Employed Income Support Scheme (SEISS) Grants: Pre-verification checks
Guidance on the final two self-employed grants
The Future of UK Corporation Tax
Personal Tax Planning for 2021/ 22
Anticipating losses? Claim Corporation Tax Relief for your losses earlier!
What is 'Tax Day'?
Budget 2021: What it means for you, your family and your business
The end of 2020/21 is fast approaching - what should I be thinking about?
Off-Payroll working from April 2021 & how it could affect you
Changes to the VAT Reverse Charge for the Construction Industry Scheme
Changes to late filing penalty for 2019-20 Self Assessment returns
Tax planning advice for year end 2020/21
Artificial Intelligence is changing the way we run our businesses
Is your 2020 Tax Return still outstanding?
Virtual Christmas parties and tax-free gifts for your employees
3rd Round of the Self-Employed Income Support Scheme grant is now available
Managing cashflow - why is it so important for business survival?
Ben Blowes runs 31 Marathons in 31 days for Tom's Trust
Declare income from AirBnB rentals to HMRC before they contact you
AIA Update: Annual Investment Allowance Reduction from January 2021 now extended until 31 December 2021 
Lockdown 2: Working from home again
Scrap that! Furlough Scheme extended until March 2021
Keeping on top of your 2020 Tax Return
Reduction to Annual Investment Allowance on expenditure on plant or machinery from January 2020
The Enterprise Investment Scheme – an alternative source of finance for businesses during challenging times?
What happens after the Furlough Scheme ends?
Taxes to consider when moving home
Get on top of your 2020 Tax Return
Changes to employer coronavirus furlough claims
Did you receive the Self Employed Income Support Grant in error?
Staff Summer Social
New Reverse Charge VAT rules for the Construction Industry effective March 2021
Eat Out to Help Out scheme guidance for eligible businesses
Coronavirus - Have you been working from home?
VAT reduction for UK hospitality, holiday accommodation and visitor attractions
Second grant to help the self-employed during Covid-19
The Treasury has announced plans to extend the Making Tax Digital (MTD) initiative to more businesses and individuals ….
COVID-19 – The Coronavirus Job Retention Scheme
Residential property tax update
The economic impact of COVID-19: what does it mean for jobs, businesses and tax?
Can I claim a VAT refund for VAT paid during the Coronavirus pandemic?
Coronavirus is changing business: It’s a new world out there, what is happening in yours?
Your Wills and the future of Inheritance Tax
CKLG staff working from home during Lockdown
Friday 27 May - Rishi announces new measures to kick-start our economy.
Coronavirus has changed life for everyone
More financial support available to everyone during the Coronavirus outbreak
The Coronavirus Job Retention Scheme Portal is now live and The Chancellor extends the scheme to 30 June 2020
Whilst Covid-19 sweeps through the world, fraudsters and scammers see an opportunity
HMRCs new 30 day UK property disposal on line service is now live!
CKLG Accountants are here to help you during the coronavirus pandemic
Reaching out to individuals affected by Covid-19
Supporting you and your business from the impact of Coronavirus
2020 Budget review: Whatever it takes to support the UK Economy
CKLG’s digital accounting journey.
Selling a property - New Capital Gains Tax Rules Apply
Our ever-changing world of political leaders and tax policies …
Unlock your business potential with digital accounting
Unexpected tax implications on separation and divorce
Growing businesses embrace technology to thrive and enable VAT Making Tax Digital
The introduction of ‘Off-Payroll Working (IR35)’ how will it affect you?
Investors in People Gold Award for CKLG Accountants
Is a major overhaul of Inheritance Tax (IHT) on its way?
Is your business running as efficiently as it should be?
Entrepreneurs’ Relief
What is the future for Buy-to-Let?
Personal tax planning for 2019/20
What is my domicile and why is it important for tax?
I’m working in more than one country, am I liable to pay Tax in the UK?
Is there any certainty over our taxes in our changing world?
Selling a business, have you considered the tax implications?
Employee Share Schemes and Benefits
Preparing businesses for leaving the EU
What is the difference between residency and domicile?
Changes to probate fees for 2019
The House of Lords plea to defer MTD for VAT on 1 April has been rejected.
The benefits of outsourcing payroll
Update on Making Tax Digital for VAT
HMRC Tax Investigations - why take the chance?
For small businesses, cloud-based accounting systems are the way forward
Succession planning, have you considered the tax implications?

The Future of UK Corporation Tax

09.04.2021

Business

In the Spring Budget 2021, Chancellor Rishi Sunak announced that the UK’s main rate of corporation tax would increase to 25% on profits over £250,000 from April 2023.

 

At the same time, a separate small-profits tax rate of 19% will be introduced for profits up to £50,000. Profits in between the two rates will be charged at a marginal rate.

 

There are some concerns around the complications it could create for companies whose profits fall between the £50,000 and £250,000 thresholds – this could mean that some companies could be subject to an effective corporation tax rate of around 26.5%.

 

The re-introduction of the small-profits rate may be welcome by the smallest companies but could cause headaches for those whose profits lie in the margin.

 

From experience, we know that marginal relief calculations can be complicated, and make estimating future tax bills tricky.

 

Contact Business Services    

 

Please speak to our Business Services team on 01223 810100 - to discuss effective Company Tax Planning for your business.  

PAST POSTS

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Outsourced accounting for your business

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Pros and cons of electric company cars

28.07.2021

What are R&D tax credits and does my company qualify?

28.07.2021

Can we help you file your 2021 Tax Return earlier?

23.07.2021

How can HMRC find out about my rental income?

24.06.2021

Making Tax Digital - update from CKLG Accountants

22.06.2021

Will the new ‘super-deduction’ tempt you to invest in new assets for your business?

21.06.2021

Can I claim Private Residence Relief when selling a property?

21.06.2021

Has your Furnished Holiday Lettings business been affected by COVID-19?

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Will I pay tax when I sell my home?

17.05.2021

Travel restrictions may have unexpected tax consequences due to COVID19

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Self-Employed Income Support Scheme (SEISS) Grants: Pre-verification checks

12.04.2021

Guidance on the final two self-employed grants

09.04.2021

The Future of UK Corporation Tax

09.04.2021

Personal Tax Planning for 2021/ 22

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Anticipating losses? Claim Corporation Tax Relief for your losses earlier!

25.03.2021

What is 'Tax Day'?

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Budget 2021: What it means for you, your family and your business

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Changes to the VAT Reverse Charge for the Construction Industry Scheme

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Changes to late filing penalty for 2019-20 Self Assessment returns

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Lockdown 2: Working from home again

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Reduction to Annual Investment Allowance on expenditure on plant or machinery from January 2020

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The Enterprise Investment Scheme – an alternative source of finance for businesses during challenging times?

08.10.2020

What happens after the Furlough Scheme ends?

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Taxes to consider when moving home

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Get on top of your 2020 Tax Return

17.09.2020

Changes to employer coronavirus furlough claims

16.09.2020

Did you receive the Self Employed Income Support Grant in error?

14.09.2020

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New Reverse Charge VAT rules for the Construction Industry effective March 2021

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Can I claim a VAT refund for VAT paid during the Coronavirus pandemic?

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Selling a property - New Capital Gains Tax Rules Apply

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Succession planning, have you considered the tax implications?

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