Jeremy Hunt’s Spring Budget 2023: The four E’s
Jeremy Hunt announced his Spring 2023 Budget today, once again returning to his familiar four pillars of growth: Enterprise, Employment, Education, Everywhere. Below are a few of the announcements in today’s Budget Statement, we will add more in our full budget report tomorrow morning which can be downloaded on our website. Energy Government energy […]
Celebrating International Women’s Day
It’s International Women’s Day – a global day of celebrating the achievements of women everywhere. We’re very proud of the work our teams do, and today wanted to spotlight just a few of the many amazing women here at Gravita. They’ve shared their thoughts, inspirations and insights on being a woman in business. “Surround yourself […]
Year-end tax planning seminar recording
During this year-end tax planning session, Gravita’s Tax Partner, Nigel May, took a look at a number of tax areas. Video recordings found below [41 minutes total]. Nigel covers: The effect of the new 25% corporation tax rate from 1 April 2023 R&D The new basis for taxing self-employed and partnership profits £1M AIA/capital […]
Company director remuneration takes a hit
Changes announced in the Autumn Statement will be keenly felt by many company directors, especially where profit extraction has traditionally relied on a strategy of low salary and higher dividend payment. The freezing of the income tax personal allowance is one major factor, especially for company directors. This is now set at £12,570 until […]
Saving money during the quieter months of 2023
Many businesses will have gone into 2023 with scepticism. Against the backdrop of a cost of living crisis, rising energy bills and more, saving money during the quieter months of the year has never been as important. This doesn’t mean taking any drastic measures, but more considered efforts to focus on the parts of […]
2023: What the year has in store for SMEs
The new year brings a mix of uncertainty and opportunity for SMEs as they look to navigate a struggling economy, an impending recession and changes to tax and incentives following Jeremy Hunt’s Autumn Statement. It’s safe to say 2022 was a turbulent 12 months. But rest assured, whatever 2023 brings, we’re here to help you […]
Income tax: What’s changing?
A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK. We’ve put together a downloadable guide that covers what you need to know about the upcoming changes, including how they’ll affect your income tax bill. Download guide What next? If you have any questions relating to […]
Are your UK and India tax affairs in order?
HMRC are currently writing to individuals who they think may owe UK tax due to ‘offshore’ income and/or gains. This includes individuals who have both UK and India tax affairs. If you have received this letter, please don’t panic help is at hand. How does this impact upon you? Understanding the UK tax implications of […]
2023 Spring Budget breakfast
We invite you to join us on 21st March at 8:30am for our traditional Spring Budget breakfast, held at 30 City Road, EC1Y 2AB. Unable to attend? You can request a summary after the event using the form above. As with any Budget announcement the devil is always in the detail, and this is where our tax […]
Deposits, Christmas parties and VAT
Written by VAT Partner, Sandy Cochrane Most businesses who throw their staff a Christmas party, will have had the disappointment, and the financial hit, of having to cancel not one, but two Christmas parties, since the outbreak of Covid 19. This December, many employers and employees have been excitedly preparing for their first proper […]