At Horsfield & Smith, we understand that managing your corporation tax return can be a complex and time-consuming task. As experienced tax and business advisers, we are here to help businesses navigate the Corporation Tax Self Assessment (CTSA) process...
For over a century, Horsfield & Smith, chartered accountants and business advisers in Bury, have been helping businesses navigate the complexities of the UK tax system. Whether you need assistance with reducing tax liability, understanding types of tax, or...
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt introduced the Government’s growth plan. This plan includes changes to business tax legislation, with one key policy being ‘full expensing.’ “It is a corporation tax cut worth an average of £9...
The main rate of corporation tax rose from 19% to 25% on 1 April 2023, affecting companies with profits of £250,000 and over. The legislation stated that small companies with profits up to £50,000 continued to pay corporation tax at 19%. Profits between the two limits...
What’s ahead for companies, from rate rises to Making Tax Digital. For the past 40 years or so, corporate tax rates have decreased steadily around the world. In 1980, the global average stood at around 40%, but by the end of 2020 it was closer to 24% as various...
Making Tax Digital. It’s at the heart of the government’s vision of a modern, transformed tax administration. With a consultation now running, Making Tax Digital (MTD) for corporation tax is on its way. MTD: at a glance For the government, MTD for corporation tax (CT)...
