In today’s Autumn Statement, Chancellor Jeremy Hunt warned of a substantial tax increase. Many of the tax increases are hidden in plain sight through freezing across a range of measures. One announcement welcomed by many was that there will be a windfall tax on energy companies from January 2023 to March 2028, at 35%; and that a temporary higher tax of 45% will be placed on electricity generators. The anticipated changes to non-dom tax levels or remittance basis were not made, perhaps unexpectedly, [- -]
Key personal and corporate tax implications from the March 2021 Budget announcement, highlighted by Sestini &. Co Group Managing Director, Rachel Sestini.
Submitted by
Sestini & Co | on Tue, 01/19/2021 - 12:29 | In
Accounting and systems,
HMRC,
Letting,
VAT Making Tax Digital will also impact taxpayers who file income tax self-assessment tax returns for business or property income of more than £10,000 a year from April 2023.
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Sestini & Co | on Mon, 08/24/2020 - 15:49 | In
Economy,
HMRC,
VAT The government has attempted to ameliorate the devastating financial impact Covid-19 has had on workers and businesses, however how will it finance the debt currently estimated at around £300bn?
Submitted by
Sestini & Co | on Mon, 04/06/2020 - 11:03 | In
HMRC,
Self Assessment,
VAT Finding out which measures apply to you can be confusing. That’s why we’ve developed a number of case studies and a flow chart to show which reliefs different business set-ups can claim.
Submitted by
Sestini & Co | on Tue, 12/10/2019 - 14:35 | In
HMRC,
VAT Preparations for VAT and customs requirements of British businesses post-Brexit are in hand, with scenarios to cover ‘no deal’ as well as ‘planned exit’. Find out how HMRC changes might affect you or talk to us to help prepare your tax situation.
With Brexit terms as yet undecided, the 2019 Spring Statement was a little overlooked but included some tax measures worth noting for individuals & businesses.
We highlight which of the 11 new and 2 ongoing consultations discussed in the 2018 Spring Statement we think will have most impact on tax & business planning
Submitted by
Sestini & Co | on Fri, 03/09/2018 - 7:45 | In
Accounting and systems,
digital tax,
HMRC,
VAT Keeping proper records is a company director’s duty, failure to do can result in a tribunal, fine or request for more monies than you may think you owe
Rachel Sestini, MD of Sestini & Co, gives her take on what individuals and companies should pay most attention to from Autumn Budget 2017
