Business Tax

Construction Industry Scheme: monthly return due for period up to 5th of previous month.

For a year from 1 April 2020, all retail, leisure and hospitality businesses in England will have a 100% discount on business rates.

Percentage of finance costs deductible from rental income reduces to 0%. Percentage of basic rate reduction is 100%.

Company van benefit charge rises £3,490, multiplier rises to £666.

Car benefit multiplier rises to £24,500.

Construction Industry Scheme: monthly return due for period up to 5th of previous month.