HMRC have introduced a PAYE/NIC cap to repayable R&D tax credit claims made by SME’s for accounting periods starting after 1 April 2020. This cap will restrict qualifying R&D expenditure […]
As reported previously, the loan charge, which came into effect on 6 April applied to anyone who used disguised remuneration schemes. The legislation added a 45% non-refundable charge on all […]
As the parties publish their manifestos ahead of the General Election this week, we provide an outline of the tax policies they are putting forward. Please click here for our […]
A recent Freedom of Information request from NFU mutual revealed that the number of people HMRC has refunded inheritance tax to has more than doubled in the past two years […]
HMRC have recently indicated that some high earners are failing to report pension growth on tax returns, and could ultimately face huge bills for undeclared pension contributions. When completing annual […]
In the midst of election manifestos and fiscal policy debate, the Institute of Fiscal Studies (IFS) has released an interesting statistic – the top 1% of income tax payers in […]
Where did the last 8 years go? Born from a management buy-out in November 2011, we are pleased to be celebrating 8 years this week. We wanted to highlight our […]
With the holiday season approaching, do you know what you can deduct for business entertaining? Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are […]
The deadline for filing the self-assessment tax return for 2018/19 is 31 January 2020. This is also the date by which any outstanding tax for 2018/19 must be paid, when […]
With Christmas approaching employers are giving consideration to offering Christmas gifts to their employees. Showing your appreciation of your staff’s efforts by gifts and benefits is good for morale. However, […]
