SMEs and their owners have had to keep on top of various changes in tax rates and thresholds during the year. At the same time, there has been much talk of fiscal drag, which may affect SMEs in a variety of ways. Changes to capital allowances and R&D tax reliefs have been announced and will be introduced on 1 April 2023. There have also been developments in certain matters affecting partnerships, in the rules relating to tax-efficient investment in SMEs companies, and (to a limited extent) in the introduction of MTD.
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SMEs and their owners have had to keep on top of various changes in tax rates and thresholds during the year. At the same time, there has been much talk of fiscal drag, which may affect SMEs in a variety of ways. Changes to capital allowances and R&D tax reliefs have been announced and will be introduced on 1 April 2023. There have also been developments in certain matters affecting partnerships, in the rules relating to tax-efficient investment in SMEs companies, and (to a limited extent) in the introduction of MTD.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")