The Health and Social Care Levy (HSCL) will be set at 1.25% of earnings from employment and self employment. The Government wanted to impose this tax in 2022, but HMRC computer systems cannot be reformulated in time.

Now could be a good time for your company to invest in an electric car or van, as there are generous tax reliefs available.

It is important to include enough information on your VAT invoices to allow your VAT-registered customers to reclaim the VAT charged.

Did your company have a bad pandemic? Don’t panic, you may be able to turn a loss into a useful tax repayment by carrying it back to set against profits made in earlier years.

This will only affect businesses that draw up their accounts to a date which does not fall between 31 March and 5 April (inclusive). This proposed change will not affect companies.

From 6 April 2024 most unincorporated businesses will have to comply with the Making Tax Digital for Income Tax Self Assessment (MTD ITSA) regulations.

Many unincorporated businesses made a loss in the tax year 2020/21, due to the pandemic. Now it’s important to make the most of such losses.

The support schemes put in place to help businesses through the coronavirus pandemic have been wound down or withdrawn from 30 September 2021.

Consider the discounts you can offer for early booking of hospitality before the full standard rate is applied again in 2022.

Capital allowances of 130% are currently available on some plant and machinery.

If you fail to pay the correct NMW rate and the underpayment is £500 or more across your payroll, your business details may be included on the list of named employers published on gov.uk.

If your employees are required to work from home, even on a part-time basis, you can pay them a tax-free allowance of £6 per week.