Business Tax

Capital allowances The super-deduction regime, which gives a 130% enhanced first year allowance to companies on the purchase of qualifying plant and machinery, comes to an end on 31 March 2023. Instead, the government has announced Full Expensing, a 100%…

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Business Tax

CGT annual exemption The government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from 6 April 2023 and to £3,000 from 6 April 2024. Estates in administration and trusts Changes are…

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Capital Taxes
Capital Taxes
Personal Tax

Pension tax limits This measure supports the government’s efforts to encourage inactive individuals to return to work, and it removes incentives to reduce hours or leave the labour market due to pension tax limits. Legislation will be introduced in the…

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Personal Tax
Business Tax

Capital allowances The super-deduction regime, which gives a 130% enhanced first year allowance to companies on the purchase of qualifying plant and machinery, comes to an end on 31 March 2023. Instead, the government has announced Full Expensing, a 100%…

Read more

Business Tax

Capital Taxes

CGT annual exemption The government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from 6 April 2023 and to £3,000 from 6 April 2024. Estates in administration and trusts Changes are…

Read more

Capital Taxes

Personal Tax

Pension tax limits This measure supports the government’s efforts to encourage inactive individuals to return to work, and it removes incentives to reduce hours or leave the labour market due to pension tax limits. Legislation will be introduced in the…

Read more

Personal Tax