KRW Tax news
Super-deduction for companies investing their reserves for 2 years
KRW Tax newsMarch 3, 2021|In KRW Tax news|By Keith WitchellRishi Sunak announced that from April 2021 until March 2023 a super-deduction will be offered to any companies that invest in new equipment,…
Furlough scheme extended until 30 september 2021
KRW Tax newsMarch 3, 2021|In KRW Tax news|By Keith Witchell In better news, the Coronavirus Job Retention Scheme has been extended to 30 September 2021, although businesses will need to contribute…
Personal allowance and higher rate tax threshold frozen for 5 years
KRW Tax newsMarch 3, 2021|In KRW Tax news|By Keith WitchellThe Chancellor also announced that the new personal allowance of £12,570 which arrives in April 2021 will be frozen for 5 years until 2026.…
Corporation tax rise to 25% from april 2023
KRW Tax newsMarch 3, 2021|In KRW Tax news|By Keith WitchellLet’s start with the worst news first. In a bid to rebalance the books post COVID, Rishi Sunak announced a rise in the Corporation Tax rate…
Self-employment income support scheme goes live on 13 May 2020
KRW Tax newsMay 24, 2020|In KRW Tax news|By Keith WitchellThe Coronavirus Self-Employment Income Support Scheme was announced back in March, and gives the self-employed a grant of up to £7,500 if…
HMRC release draft guidance on Structures & Buildings Allowance (SBA)
KRW Tax newsJuly 22, 2019|In KRW Tax news|By Keith WitchellIn last year’s Budget, the Chancellor announced the introduction of a new capital allowance for new commercial structures and buildings,…
Changes to VAT on vouchers from 1 January 2019
KRW Tax newsJanuary 31, 2019|In KRW Tax news|By Keith WitchellChanges to VAT on vouchers were introduced on 1 January 2019 for vouchers sold on or after that date. Prior to this change, the sale of a…
Employment allowance not available to larger businesses from April 2020
KRW Tax newsDecember 3, 2018|In KRW Tax news|By Keith WitchellThe Employment Allowance covers the first £3,000 pa of Employers National Insurance, and is currently available to all but the very…
New 2% structures and buildings allowance
KRW Tax newsNovember 3, 2018|In KRW Tax news|By Keith Witchell The Chancellor announced a new structures and buildings capital allowance, which will be set at a rate of 2% per annum, will apply to…
Capital gains tax private residence relief- new restrictions added
KRW Tax newsOctober 31, 2018|In KRW Tax news|By Keith WitchellIt was announced that, with effect from April 2020, the current extension of private residence relief to periods where a private…

