Month: April 2023

There is a significant amount of information about companies that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited companies, examining and storing company information and making company information available to the public.

Much of this information is freely available. This is in line with the government’s commitment to free data and means that all publicly available digital data held on the UK register of companies is accessible without a charge.

This includes:

• company information, for example, registered address and date of incorporation;
• current and resigned officers;
• document images;
• mortgage charge data;
• previous company names; and
• insolvency information.

There is also a service called WebCheck that allows you to view a company's filing history and purchase copies of document images and a selection of company reports for a nominal fee. You can also elect to monitor a company and receive email alerts of any new documents filed at Companies House. This can be a useful resource to check your own company records at Companies House to ensure there no unexpected filings.

1 April 2023 – Due date for Corporation Tax due for the year ended 30 June 2022.

19 April 2023 – PAYE and NIC deductions due for month ended 5 April 2023. (If you pay your tax electronically the due date is 22 April 2023).

19 April 2023 – Filing deadline for the CIS300 monthly return for the month ended 5 April 2023.

19 April 2023 – CIS tax deducted for the month ended 5 April 2023 is payable by today.

30 April 2023 – 2021-22 tax returns filed after this date will be subject to an additional £10 per day late filing penalty for a maximum of 90 days.

1 May 2023 – Due date for corporation tax due for the year ended 30 July 2022.

19 May 2023 – PAYE and NIC deductions due for month ended 5 May 2023. (If you pay your tax electronically the due date is 22 May 2023).

19 May 2023 – Filing deadline for the CIS300 monthly return for the month ended 5 May 2023.

19 May 2023 – CIS tax deducted for the month ended 5 May 2023 is payable by today.

31 May 2023 – Ensure all employees have been given their P60s for the 2022/23 tax year.

The challenge of increasing energy costs for UK businesses is a significant concern, particularly in the context of ongoing efforts to reduce greenhouse gas emissions and tackle climate change.

The current Chancellor, Jeremy Hunt, pledged in his November statement that the government would continue to support those businesses that need it the most. However, the changes to the scheme and its funding represent a fall from £18bn over six months to £5.5bn for EBDS.

The Energy Bills Discount Scheme

The scheme is now live and will last until 31 March 2024. A unit discount of up to £6.97/MWh for gas and up to £19.61/MWh for electricity for all eligible non-domestic customers will be automatically applied.

EBDS organisational eligibility

The criteria are the same as the previous Energy Bill Relief Scheme and is available to anyone on a non-domestic contract, including:

• Public sector organisations such as schools, care homes and hospitals
• Voluntary sector organisations
• Businesses

EBDS energy contract eligibility

Businesses and organisations must either be:

• on existing fixed price contracts that were agreed on or after 1 December 2021
• signing new fixed price contracts
• on deemed / out of contract or standard variable tariffs
• on flexible purchase or similar contracts
• on variable ‘Day Ahead Index’ (DAI) tariffs (Northern Ireland scheme only)

How is this different to the previous scheme?

The unit discount of £6.97/MWh for gas and up to £19.61/MWh for electricity is subject to a wholesale price threshold of £107/MWh for gas and £302/MWh for electricity – this means that businesses who have energy cost below those thresholds will not receive support.

This change will mean some businesses are no longer within the scope for receiving government support because under the previous Energy Bill Relief Scheme, the supported price was set at £211/MWh for electricity and £75/MWh for gas.

Energy and trade intensive industries

Eligible Energy and Trade Intensive Industries (ETII) will receive a discount that reflects the price difference of £99/MWh for gas and £185/MWh for electricity and the relevant wholesale price.

This will apply to 70 per cent of energy volumes and will be subject to a maximum available discount of £40/MWh for gas and £89.10/MWh for electricity.

The industries eligible under this scheme are varied, from nature reserves and libraries to meat processing.

If you’re concerned about the impact of rising costs to your business, speak to a member of our team for cashflow forecasting and management accounts.