Hugh Stedman

With the current changes in the political scene, there is a tax scheme that may be taking advantage of before it is removed.

Many clients are currently receiving letters of approval for the annual employment allowance which was first introduced in 2014 and has steadily increased from £2,000 up to £5,000 for 2022/23.

Many clients sensibly set up a direct debit for payment of VAT which not only gives a few days extra to pay VAT but also ensures HMRC receive your payment on time, we at C&H Stedman always recommend this.

There is currently a lot of activity and hype about the 130% super-deduction for companies that ends on 31 March 2023, you may be being encouraged to take advantage of it while it is there or thinking of bringing capital expenditure forward to take advantage of it.