A new 130% first-year capital allowance for qualifying P&M assets; and a 50% first-year allowance for qualifying special rate assets.
HMRC launches new VAT registration service for agents and an online error correction service. These were rolled out in August 2022.
Small business owners can save thousands on tax thanks to these changes to law, says Greg Mawer, director of Accumulate.
A collection of tax rules and changes come into force from the start of April 2021, including the introduction of off-payroll working (IR35).
With high volumes of applications causing processing delays, HMRC is urging applicants to double check applications before submission.
Employees working from home due to the COVID-19 pandemic are still allowed to claim working from home tax relief on expenses.
On 3 March, the Chancellor, Rishi Sunak delivered the government’s Budget for 2021. You can find out more about the CJRS on GOV.UK.