It sounds entirely shoulder-shruggable: but basis period reform is like the bits under the bonnet. It makes the car go. In this case, it helps determine the tax bill.
The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
The government has announced a package of measures to ensure small businesses get paid on time.