by Pi Accountancy | Oct 1, 2025 | Advisory and Resources, Business, Corporation Tax, Regulations and Schemes, Taxes
Running a limited company comes with responsibilities and one of them is filing your Company Tax Return. You do this using the CT600. Knowing what this form is and how to submit it correctly can save you time and money. What is the CT600? The CT600 is the official...
by Pi Accountancy | Aug 13, 2025 | Allowances, Corporation Tax, Taxes
The 50% First-Year Allowance is a tax relief which should encourage business to invest in new assets. It allows them to deduct 50% of the cost of eligible Capital Expenditure in the year they purchase it. This immediate reduction can reduce your Corporation Tax bill...
by Pi Accountancy | Aug 12, 2025 | Corporation Tax, Regulations and Schemes, Taxes
Full Expensing is a tax relief which should encourage businesses to invest in their own growth. It allows them to claim the entire cost of qualifying Plant and Machinery in the year they purchase it. This immediate deduction reduces your taxable profits and frees up...
by Pi Accountancy | Jul 10, 2025 | Corporation Tax
In April 2023, the UK Government introduced a tiered system for Corporation Tax, making it more flexible and supportive for businesses at different stages of growth. This also brought the reintroduction of the Small Profits Rate, which reduces the tax rate...
by Pi Accountancy | Mar 20, 2025 | Corporation Tax
Marginal Relief helps businesses with moderate profits pay less Corporation Tax. However, if you own multiple businesses, the Marginal Relief rules change. By knowing the rules, you can save your company money and avoid unexpected tax bills. What is Marginal Relief?...
by Pi Accountancy | Apr 25, 2023 | Corporation Tax, HMRC, Taxes
R&D Tax Relief Reformation 2023 Research and Development (R&D) Tax Relief is set to undergo Reformation in 2023, following the review of R&D tax reliefs launched at Budget 2021. The government announced changes to the reliefs at Autumn Statement 2021 to...
by Pi Accountancy | Mar 31, 2023 | Business, Corporation Tax, Property Landlords, Taxes
The ISA Allowance has been frozen for 2023/24 The annual Investment Savings Account (ISA) allowance has been frozen once again for the 2023/24 tax year. By freezing it again, the allowance is being left at £20,000 for every individual – However there will be an...
by Pi Accountancy | Mar 27, 2023 | Corporation Tax, Taxes
Marginal rate will be charged at 26.5% As of 14 October 2022 it has been re-announced the Corporation Tax main rate will increase to 25% from 1 April 2023 for companies with profits over £250,000. A rate of 19% will be available for business with profits of up to...
by Pi Accountancy | Mar 21, 2023 | Business, Corporation Tax, Director, HMRC, MTD, Self-Employed, Taxes, VAT
Key Tax Changes for the 2023/24 Tax Year We’re here to inform you about the Key Tax Changes for the 2023/24 Tax year and how these changes will affect companies, as well as sole traders. National Insurance The introduction of the new “Health and Social...
by Pi Accountancy | Mar 15, 2023 | Business, Corporation Tax, Director, Taxes, The Budget
Budget Highlights 2023 The Chancellor presented his Spring Budget on the 15th of March 2023 and we’re here to discuss some of the highlights. The Economy: The OBR expects inflation to fall from 10.7% to 2.9% by the end of 2023. UK economy will shrink by 0.2%...
by Pi Accountancy | Oct 14, 2022 | Corporation Tax, Taxes
Corporation Tax will increase to 25% As of 14 October 2022 it has been re-announced the Corporation Tax main rate will increase to 25% from 1 April 2023 for companies with profits over £250,000. A rate of 19% will be available for business with profits of up to...
by Pi Accountancy | Apr 1, 2022 | Business, Corporation Tax, Taxes
End of year tax planning – what you need to consider The new tax year on April 6 is accelerating quickly towards us, and now is the time to make sure that any last-minute tax planning will enable you to make the most of the 2021/22 tax year allowances – Click...
by Pi Accountancy | Feb 18, 2022 | Business, Corporation Tax, COVID-19, HMRC, Taxes
Have you set money aside to deal with tax on support grants? HMRC has highlighted that all money paid for test and trace or self-isolation payments in England, Scotland or Wales are taxable, as are Coronavirus Statutory Sick Pay Rebates. The Coronavirus Business...
by Pi Accountancy | Dec 15, 2021 | Business, Corporation Tax, HMRC, MTD, Self-Employed, Taxes, VAT
Making Tax Digital (MTD) is a Government initiative that aims to provide the UK with one of the most digitally advanced tax administrations in the world. Under MTD, taxpayers are required to keep electronic records and report to HMRC digitally. The new MTD timetable...
by Pi Accountancy | Oct 29, 2021 | Business, Corporation Tax, Director, Taxes, The Budget
The Chancellor presented his Autumn Budget and Spending Review on 27 October 2021 and we’re here to discuss some of the highlights. Income tax rates and thresholds The rates and thresholds applying for 2022/23 were confirmed. Personal allowance As...
