Physiotherapist news

Tax Rates and Allowances 2022/23

Tax Rates and Allowances 2022/23

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Spring Statement 2022

Spring Statement 2022

Spring Statement 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the...

Spring Statement: R&D Tax Relief Update

Spring Statement: R&D Tax Relief Update

Reform of R&D tax relief In Spring 2021, the government announced a review of R&D reliefs with the objective of ensuring the UK remains a competitive location for cutting edge research and that the tax reliefs provided to businesses continue to be fit for...

The introduction of Federal Corporate Tax in the UAE

The introduction of Federal Corporate Tax in the UAE

The UAE’s Ministry of Finance (MoF) announced on 31 January 2022, the introduction of Federal Corporate Tax (CT) effective for accounting years starting on or after 1 June 2023. The UAE’s MoF stated that the reason for introducing CT was to “reaffirm the UAE’s...

Tax benefits of marriage

Tax benefits of marriage

Considering popping the question on Valentine’s Day?  Here we look at some of the tax breaks married couples can benefit from and how it can pay to get hitched   The Marriage Allowance The Marriage Allowance can enable eligible married couples and civil partners...

The Marriage Allowance – Time is running out to claim

The Marriage Allowance – Time is running out to claim

The Marriage Allowance can enable eligible married couples and civil partners to save up to £252 of tax a year. Despite being introduced almost seven years ago, many eligible couples are still missing out on this tax break. As payments can only be backdated up to four...