Associated companies: Companies paying tax sooner and more often
Written by Tax Partner, Thomas Adcock From 1st April 2023, the number of companies that your company is associated to will increase the risk that not only will those companies have to pay a higher rate of tax on their profits, but that this tax may have to be paid more regularly and far sooner. […]
Six inheritance tax myths debunked
Written by Tax Partner, Parminder Chattha It raises a large amount of money for the government Total inheritance tax (IHT) receipts in FY21/22 equated to £6.1bn and is forecast to rise in 2023/24 to £7.2bn. This was up 14% from the prior financial year by £729m. However, total tax receipts for 2021 and 2022 equated […]