Client and Supplier Entertainment – Is It Tax Deductible?

By Kate | August 4, 2023

Entertaining clients and suppliers is an important part of many companies’ marketing budgets, in order to maintain and grow business relationships. However, the tax rules on business entertainment are frequently misunderstood. In most cases, these expenses, along with business gifts, are not tax deductible, so you must add them back to Corporation Tax computations –…

The 2023 Spring Budget: Impact on UK Small Businesses and the Corporation Tax Increase

By Graham | April 30, 2023

Two UK small business owners standing in front of a tax bill with a pen, discussing the impact of the 2023 Spring Budget's corporation tax increase.

In the 2023 Spring Budget, Chancellor of the Exchequer Jeremy Hunt confirmed a sharp increase in corporation tax, from 19% to 25%. Despite being the most substantial hike in nearly 50 years, Hunt reaffirmed that the UK would still have the lowest headline rate of corporate tax in the G7. However, the increase in corporation…