In the Chancellor’s ‘plan for growth’, he announced changes to IR35 or ‘off payroll working’ rules. The rules were originally brought in in an attempt to stop contractors using personal service companies to pay less tax than they would have done as employees. HMRC called it disguised employment. This article will explain the changes and what they might mean for you.
The tax authorities require businesses to take reasonable care to prevent tax losses. In some cases, HMRC may also regard an “innocent” business as facilitating fraud and could take action against that business in certain circumstances.
Green consumerism is on the rise and businesses are using eco friendly messaging to differentiate and attract a more eco conscious consumer demographic. In a bid to reach a larger share of this market, some businesses across a range of sectors are making vague or false “green” claims about their products and services, claiming to be better for the planet than they really are.
The super-deduction is a 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. This article will outline what it is, if your business is eligible, how to work out how much you can claim and how to claim and how to start the claims process. If you have any questions, please get in touch with your Swindells’ partner.
The new Chancellor Kwasi Kwarteng has delivered an Autumn mini budget and growth plan. His growth plan is based on ‘reforming the supply side of the economy, maintaining a responsible approach to public finance and cutting taxes to boost growth.’ He has addressed the cost of energy, reversed planned tax rises and National Insurance increases, cut stamp duty from today and more.
The new Charities Act 2022 will include several changes overriding the Charities Act 2011. It was announced that the changes have been made in an attempt to reduce red tape and administration, through wider freedoms given to trustees. This article will outline the proposed changes and timelines which span from Autumn 2022 through late 2023.
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