The planned increase in corporation tax has changed some of the mathematics on incorporation. The Budget announced a significant change to corporation tax from 2023: Small companies, with profits of up to £50,000, would continue to pay the tax at … Continue reading →

The Spring Budget on 3 March was not the end of the taxing story. The run up to the March Budget was accompanied by much press speculation about changes to capital gains tax (CGT), inheritance tax (IHT) and pension tax … Continue reading →

The UK base rate may be stuck at 0.1%, but there is interest rate movement elsewhere. The Bank of England has kept its base rate below 1% for over 12 years now. The rate first dropped to 0.5% on 5 … Continue reading →

We could see a jump in inflation soon. The pandemic has posed problems for the Office for National Statistics (ONS) when it comes to calculating the rate of inflation. For example: How do you measure the price of an item … Continue reading →