Insights

Stephen Oates

Tax Partner and Head of Payroll and Entrepreneurial Taxes

15 March 2023

Spring Budget 2023: What it means for Entrepreneurial Taxes

The Spring Budget has arrived and the focus from the Chancellor and underlying message was one of growth. Following announcements in the Autumn Statement, the proposed changes to Company Share Option Plan (CSOP) and Seed Enterprise Investment Scheme (SEIS) will now be introduced into legislation in the Finance Bill 2023.

Aileen Scott

Tax Partner and Head of Corporate OMB

15 March 2023

Spring Budget 2023: Capital Allowance changes for businesses

One of the key changes announced today was the introduction of Full Expensing for qualifying capital expenditure. This measure is effective from 1 April 2023 to 31 March 2026 and provides a 100% deduction for unlimited capital expenditure on IT and plant & machinery. Its introduction coincides with the end of the Super Deduction which gave a 130% deduction for qualifying new capital spend.

Amanda Collinson

Tax Director, International Taxes

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15 March 2023

Spring Budget 2023: Key headlines for large corporates

A Budget for growth and building for the future, but what does it mean for larger corporates? Amanda Collinson, International Tax Director explains

Greg Sutherland

Tax Director

08 March 2023

Corporate Tax

Preparing for the new rates of Corporation Tax – 19%, 25% and 26.5%

The well-publicised increase to the main rate of Corporation Tax to 25% takes effect from 1 April 2023. Alongside this comes the introduction of a 19% small profits rate. In this article, we’ve explained the details and what you need to be aware of.

Laura Ritchie

Tax Senior Manager

21 February 2023

Deadline approaching for Annual Tax on Enveloped Dwellings

If you’re due to submit an Annual Tax on Enveloped Dwellings (ATED) return, then now is the time to speak to your trusted business adviser at Johnston Carmichael. ATED is a forward-looking tax, which you may need to submit a return for, even if there is no tax to pay. 2023/24 ATED returns are due to HMRC by 30 April 2023 and in line with HMRC’s five-year rebasing policy, this is the first period to use a 1 April 2022 valuation date.

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