Bates Weston Summer Newsletter
Read our Summer newsletter, covering topical tax and regulatory changes and proposals, including the impact of recent tax changes on profit withdrawal plans
Read our Summer newsletter, covering topical tax and regulatory changes and proposals, including the impact of recent tax changes on profit withdrawal plans
Will the Chancellor use Corporation Tax measures in reducing business taxation in the Autumn Statement? He could reduce the rate of Corporation Tax, extend the Corporation Tax Bands and/or extend full expensing? Craig Simpson, Tax Partner at Bates Weston gives his views.
If you are a sole trader or partnership and your accounting year end is not 31 March or 5 April, you are going to be affected by a change in the way taxable business profits are calculated for a tax year.
Consultation document proposes moving from a current (accounting) year basis to a tax year basis for reporting tax on self-employed profits.