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Understanding the impact of inflation on your business finances

Inflation is a phenomenon that affects every business, regardless of size or industry, so business owners must understand how inflation impacts their finances. If you don´t, the long-term success of your organisation will be at stake! In our latest blog post, we delve into the basics of inflation, its effects on your business finances, and

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New Tax Year New Tax Code?

The new tax year started on 6 April 2023. You may already have been sent a tax code for the year from HMRC. So what is a tax code, how does it work and is it correct? There’s a great resource here to have a look https://clicks.moneysavingexpert.com/f/a/b1HuDFjZ-fT1uShXrEA05Q~~/AAAHagA~/RgRmGDKLP0T0aHR0cHM6Ly93d3cubW9uZXlzYXZpbmdleHBlcnQuY29tL2ZhbWlseS9jaGVjay10YXgtY29kZS8_dXRtX3NvdXJjZT1NU0VfTmV3c2xldHRlciZ1dG1fbWVkaXVtPWVtYWlsJnV0bV90ZXJtPTExLUFwci0yMy03NmUwOTg4NGZiYjRlZWRiYjFhLTY0MzVhYWMwNzdiNDU0MzIwODY3YzQ0NTkzMTlkN2ViJnNvdXJjZT1DUk0tTVNFVElQLTc2ZTA5ODg0ZmJiNGVlZGJiMWEmdXRtX2NhbXBhaWduPW50LWhpeWEmdXRtX2NvbnRlbnQ9NFcFc3BjZXVCCmQti601ZJ_Rl4pSEWNyYWlnQHotZS1uLmNvLnVrWAQAAADy

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March 2023 Budget –  Reforming film, TV and video games tax reliefs to refundable expenditure credits and the reform of high-end TV and video games tax relief

Refundable expense credit reform As announced in the Spring Budget 2023, the government will reform the film, TV and video games tax reliefs to refundable expenditure credits. Full details of the expenditure credits will be published alongside draft legislation in the summer of 2023, and stakeholders will be able to comment. The government will legislate

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March 2023 Budget – Extending the higher rates of Theatre Tax Relief and Orchestra Tax Relief

As announced in the Spring Budget 2023, the government will extend the current headline rates of relief for Theatre Tax Relief(TTR), Orchestra Tax Relief(OTR) and Museum and Galleries Exhibitions Tax Relief(MGETR) for two years. The rates for TTR and MGETR, which were due to taper to 30% (for non-touring productions) and 35% (for touring productions) on 1 April 2023,

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