November 2023 - SJPR UK

30 Nov 23

NIC changes for the self-employed

In the recent Autumn Statement, the Chancellor announced two important changes to National Insurance contributions (NIC) for the self-employed. The first change concerns the

30 Nov 23

Enterprise Investment Scheme investee businesses

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies to raise finance by offering a range of tax reliefs to investors who purchase new

30 Nov 23

Tax relief for R&D intensive SMEs

In the Autumn Statement it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme will be merged from April 2024. It was also confirmed

30 Nov 23

Summary of Companies House changes

The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023. The new Act provides Companies House with more power to reduce the abuse of corporate

30 Nov 23

What now, following the Autumn Statement

In some respects, the Chancellor’s predicament is deserving of a sympathetic ear; its as if he has a long journey ahead but has one foot firmly nailed to the floor. Stagnant

30 Nov 23

NIC changes for employees from 6 January 2024

In the recent Autumn Statement, the Chancellor announced a significant change to National Insurance contributions (NIC) for employees. There will be a cut in the main rate of

30 Nov 23

Corporation Tax marginal rate

The Corporation Tax main rate for companies with profits in excess of £250,000 increased to 25% on 1 April 2023. A Small Profits Rate (SPR) of 19% was also introduced from the same

28 Nov 23

Directors’ duties and responsibilities

To be a director, you must be over 16 and not currently disqualified. As a director your responsibilities include: filing your company’s annual accounts and reports or appoint

23 Nov 23

IHT – Giving away your home before you die

The majority of gifts made during a person's life, including gifting a home, are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially

23 Nov 23

The badges of trade

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a proper economic trade / business activity or merely a money-making

Month: November 2023

NIC changes for the self-employed

Enterprise Investment Scheme investee businesses

Tax relief for R&D intensive SMEs

Summary of Companies House changes

What now, following the Autumn Statement

NIC changes for employees from 6 January 2024

Corporation Tax marginal rate

Directors’ duties and responsibilities

IHT – Giving away your home before you die

The badges of trade

Tax Diary May/June 2025

Be wary of the legitimacy of post-termination employment restrictions – they may not be reasonable or enforceable

Make the most of trivial benefit payments 2025-26

SJPR