Investment incentives

Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase cost of certain fixtures and fittings for buildings. These super-deductions will expire on 31 March 2023. The annual investment allowance...

Marriage Allowance Update

It is now possible to transfer 10% of your personal allowance to your spouse or civil partner (£1,185 during the 2018/19 tax year). Who qualifies?  Only basic-rate taxpayers can benefit from this tax break, so the potential tax saving is £237 (£1,185 x 20%). Unmarried...