Business

To encourage employers to employ armed forces veterans, a new relief was introduced with effect from 6 April 2021 where an employer took on an armed forces veteran in the first year of their first civilian employment since leaving the armed forces.

A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends.

From 6 April 2023, the dividend allowance is to fall to £1,000.

Many businesses view entertaining clients and customers to be an important part of their marketing budgets

Corporation tax is being reformed from 1 April 2023.