Business Tax

With the complexities of business tax, we understand that you will want to pay the minimum (correct) tax, returned to HMRC in the correct manner, before the submission deadline, with disclosure so as to minimise the risk of HMRC enquiry.

As well as this compliance, we also actively seek to identify means to reduce your business tax liabilities. We can advise on the best time for capital expenditure and help you reach your economic objectives through strategic financial planning.

 

We can offer support and advice regarding

  • Corporation Tax
  • Income Tax
  • Payroll Tax including PAYE and National Insurance Contributions
  • Construction Industry Scheme (CIS) Tax
  • IR35 Tax Rules
  • Stamp Duty and Stamp Duty Land Tax
  • VAT

Our fully qualified team of Tax Advisors, offer up-to-date knowledge and experience of all aspects of corporate and other business taxation and can provide support to ensure that your business is fully compliant with all tax requirements.

 

Why choose us?

  • Fully-qualified team of advisors,
  • Tailored services, shaped around the needs of your business,
  • Dedicated Tax Group with experience across a wide range of industry sectors,
  • Compliance services undertaken with a view to identifying tax planning opportunities,
  • In house tax investigation insurance facility.
  • Expertise in HMRC tax enquiries, if any returns are challenged.

 

Our Tax Group Commentary on Business Tax Aspects of:

2021: Spring Budget

2020: Autumn Budget

2019: Autumn Budget

2018: Autumn Budget

2017: Spring Budget | Autumn Budget

2016: Autumn Statement | Spring Budget

2015: Autumn Statement | Summer Budget | Spring Budget

2014: Autumn Statement | Budget 

2013: Autumn Statement | Budget

2012: Autumn Statement | Budget

2011: Autumn Statement | Budget

 

Our Tax Group “A Brief Guide to...” Publications:

 

Get in touch with your local office and speak to one of our specialist advisers about our Business Tax services.

Client Review

Managing Director of and Educational Video Production Company
Whiting & Partners were absolutely marvellous when I set up my new business. Everything was done for me, leaving me only to sign at the ‘Xs’. I was very impressed with the speed and efficiency of the whole process and, whats more, the fees were very reasonable. No wonder I went back to get the VAT and tax sorted out. Problems with the VAT and tax, what problems? Whiting & Partners have taken care of all those.



 
Latest Blogs in Business Tax
 
Jodie Pheby
22nd July 2021 Accounts Basis Period Reform – Consultation

Under current rules, businesses draw up annual accounts to the same date each year. The profit/loss for the tax year is usually the profit/loss for the year to the accounting date – called the basis period.  Tax is paid on profits earned in the basis period ending in the tax year in question.   However,…

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Bethan Hassey
1st July 2021 Changes to the reduced rate of VAT for hospitality, holiday accommodation and attractions

  In July 2020 the government announced that VAT registered business who operate in the hospitality and tourism industry could use a temporary 5% reduced rate of VAT on certain supplies compared to the standard 20%. The objective of this legislation was to support businesses in this sector during the Coronavirus pandemic and assist with…

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Thomas Nicholls
15th June 2021 Tax on Cryptocurrency does not have to be cryptic

Within the last 10 years the cryptocurrency scene has exploded from the first decentralised cryptocurrency, Bitcoin, being created back in 2009 to now more than 4,000 different cryptocurrencies being in existence with a total market cap value of over £1trillion.   This has led to the creation of the Cryptoassets Taskforce which was announced back…

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Scott Butcher
9th June 2021 Paying VAT by Direct Debit – check your HMRC records

HMRC are in the process of moving VAT records for non-MTD registered traders from their old database to a new one.   Due to banking requirements if HMRC does not hold a valid e-mail address for a trader, when the data is transferred to the new database, any existing direct debit mandate will be cancelled.…

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Steven Denton
3rd June 2021 National Insurance holiday for employers hiring veterans

Following an announcement by the government in 2020, from April 2021 employers hiring former members of the UK armed forces will be exempted from any NI contributions liability on the veteran’s salary up to the Upper Secondary Threshold (UST) in the first twelve months of their employment. However, under current guidelines relief for the 2021-22…

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Vanessa Pearson
20th May 2021 VAT deferral payment scheme deadline 21 June 2021

One of the ways government helped businesses in 2020 was to allow them to defer paying VAT liabilities due between March and June that year. Those taking advantage of this had until 31 March 2021 to pay. In September 2020, the Chancellor announced the VAT deferral payment scheme. Instead of paying in full by 31…

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Ben Kilby
4th May 2021 Sage 50 VAT ‘T’ codes

With the changes to the reverse charge on VAT returns due to the UK leaving the EU from 1 January 2021, I thought I would share a reminder of the default tax codes within Sage from v27.1 onwards:   T0 – Zero rated transactions T1 – Standard rated transactions – Currently 20% T2 – Exempt…

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Vanessa Pearson
26th March 2021 6 April: A Guide to Off-Payroll Working Tax Rules

The proposed new rules apply regarding who determines IR35 status for freelancers hired by medium and large companies are imminent. Our Brief Guide will help find out how this affects you and what you can do: A Brief Guide to Off-Payroll Working Blog entry by: Vanessa Pearson

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Steven Denton
18th March 2021 Changes to Coronavirus Job Retention Scheme (Furlough) from July 2021

As you will know by now, in the budget speech of 3rd March 2021, the government announced the extension of the current furlough scheme until September 2021. Further guidance has now been issued as to how the scheme will operate.   Firstly, for periods starting after 1st May, you can claim furlough for any employee,…

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Ian Piper
8th March 2021 Budget 2021: Super Capital Allowances

In what was seen my many as a Budget lacking in ideas to kick start the economy back into life, Rishi Sunak’s announcement of a notional 30% uplift to eligible capital allowances headlined as the proverbial ‘rabbit out of the hat’. The tweaked allowances will give businesses purchasing brand new plant and machinery more tax…

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