Category: Corporate

  Tax implications from loans to participators made by close companies   The Autumn Budget 2021 confirmed that the increased dividend upper rate will apply on tax charged under Corporation Tax Act 2010, s.455, which details new anti-avoidance measures in…

Capital Allowance Super-Deduction explained   The Treasury announced on 3 March 2021 the introduction of a 130% Capital Allowance super-deduction as well as 50% first-year allowance (FYA) on special rate (SR) assets. These are just one of many incentives the…

Health and Social Care Levy: Why are National Insurance rates increasing?  WIM Accountants summarises the tax increases brought with the Health and Social Care Levy Bill   9 September was a day that shocked the nation, particularly lower-earning taxpayers when…

Wrap your head around PAYE   We’ve all seen the words PAYE pop up on our payslips, but how many actually know what PAYE means and how it works? Introduced in 1944, the ‘Pay As You Earn’ system is a…

Tax Reducers – Fact or Fiction? “I wish I was paying less tax” is probably a thought that has crossed the minds of many of us at least once in our lifetimes, and it would not be a surprise at…