Income tax Archives - Accountants in Mansfield, UK : Jacksons Accountants

New UK Corporation Tax Rates Effective from April 2023

Corporation tax

New UK Corporation Tax Rates Effective from April 2023 Corporation tax is a tax on the profits made by companies and businesses. Since 2017, the UK rate of corporation tax has been at a historic low of 19% for all companies regardless of profit levels. However, from April 2023, the tax rates on company profits … Read more

A Break Down of the 2023 Spring Budget: Key Highlights and Implications

Spring Budget

A Break Down of the 2023 Spring Budget: Key Highlights and Implications The Chancellor of the Exchequer, Jeremy Hunt, has announced a range of new measures in his Spring ‘growth’ Budget. One of the biggest shake ups was the increase in the tax-free allowance for pension contributions rising from £40,000 to £60,000 and abolishing the … Read more

Is a Company Car Right for You? A Director’s Guide

Company car

Is a Company Car Right for You? A Director’s Guide Read on before buying a company car Did you know that just over half of all newly registered vehicles in the UK are owned by a company? Surely that means that they’re raking in a huge tax benefit, right? Have you got your eye on … Read more

Preparing for the Tax Year End

Top Tips for Preparing for the Tax Year-End The tax year end is looming once again and although for some it may feel like you have only just got your tax return out of the way in time for the 31st January deadline, it is a good time to review your income for the year … Read more

Making Sense of UK Taxation for Businesses: An Overview

Types of taxes

Making Sense of UK Taxation for Businesses: An Overview Introduction to taxes Tax; even the word seems… well, taxing. The bane of people’s existence and yet a lifeline for many. It can fill someone with rage or make them feel they are contributing to something greater. However, I’m not here to tell you my opinion, … Read more