• National Insurance reduction information | Whyfield Accountants | Truro, Cornwall

    Employees will now be paying less tax!

    The Chancellor’s recent National Insurance cut is now in place. But how will it impact your pay packet? While the 2p reduction brings immediate savings, we hear from experts to highlight considerations regarding frozen tax thresholds.

    Published 05.01.24
  • Trading Allowance for hobbies and side hustles | Whyfield Accountants in Cornwall

    Trading Allowance for selling second hand and handmade

    It’s the beginning of the new year, and you’ve decided to finally declutter your wardrobe by selling some pre-loved pieces on platforms like Depop, Vinted and eBay. Do you need to pay tax on that?

    Published 03.01.24
  • Making Tax Digital for Income Tax | Whyfield Accountants in Cornwall

    Autumn Statement 2023

    Today, Chancellor Jeremy Hunt delivered his Autumn Statement. We have summarised the key points.

    Published 22.11.23
  • VAT Returns Made Easy | Processes & Deadlines | Whyfield

    VAT Returns made easy: understanding the process and deadlines

    If you have your own business, then you will need to consider whether the VAT rules and regulations apply to you and the service or products you supply.

    Published 13.07.23
  • Double Tax Treaty | Whyfield

    Double Tax Treaty

    We hear from John Riseborough, Tax Advisor for Croner-I, as he answers a question about the Double Tax Treaty. And we answer What is the ‘Double Tax Treaty’?

    Published 02.05.23
  • Corporation Tax Increase UK | Whyfield

    The Corporation Tax increase

    From 1st April 2023, the main rate of Corporation Tax will increase by 6%, from 19% to 25%.
    This rate increase has been on the cards for some time, having first been announced in 2021’s Spring Budget.

    Published 30.03.23
  • Spring Budget breakdown | Whyfield

    Spring Budget 2023

    Today we heard from the Chancellor who delivered his first budget and here’s what we know so far…

    Published 15.03.23
  • Radical changes for late vat payments | Whyfield accountants in Truro, Cornwall

    Radical Changes to Late VAT payments

    A new penalty regime has been introduced by HMRC for late VAT payments. We run through the finer details here.

    Published 15.02.23
  • Stamp Duty Land Tax

    Stamp Duty Land Tax (SDLT): Issues on replacing main residence

    When replacing your main residence, it’s important to consider Stamp Duty Land Tax implications. Kabina Tank of Croner i-Taxwise provides a view.

    From the Experts
    Published 03.02.23
  • Super Deduction Balancing Charge by David Lawson | Whyfield

    Super Deduction Balancing Charge

    As this allowance comes to an end on 31st March 2023, we’re looking at the Super Deduction Balancing Charge.
    David Lawson, of Croner-i Taxwise, runs through the legislation.

    From the Experts
    Published 27.01.23
  • Changes to R&D Tax Relief

    Changes to R&D Tax Relief

    Are you interested in the number of changes that are coming in April 2023 regarding R&D tax relief? We give you the highlights

    Published 20.01.23
  • 2023 Accounting Calendar | Key Dates | Whyfield

    Important Dates from your accountant

    It’s important to make sure that you have all the key accounting deadlines in your calendar this year! Check out our calendar.

    Published 16.01.23
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