Full expensing for companies

The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing. As with the super-deduction, unincorporated businesses cannot benefit from full expensing (although the Annual Investment Allowance (AIA) will secure a 100%...

Relief for homeworking expenses post Covid-19

The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home some or all of the time. Due to this the Government have brought in some changes to...

What is Employment Allowance and have you claimed it?

Following on from our first article regarding the property allowance, there is also an Employment Allowance that eligible employers can claim. Employment Allowance is a National Insurance allowance that employers can claim and set against their secondary Class 1 National Insurance liability. The allowance is set at £4,000 for 2021/22 (capped at...