At Spring Budget 2021 the government launched a review of the two R&D Tax Relief schemes:
The objectives of the review were to ensure that
HMRC have highlighted the Self-Assessment Tax Scams that rear their ugly head, with the filing deadline looming!
With less than 2 months to the filing deadline HMRC is giving information to taxpayers to help them avoid scams.
HMRC … Read more ->
The Chancellor of the Exchequer presented his Autumn Budget and Spending Review to Parliament on Wednesday 27th October 2021.
We look at what changes are forthcoming for R&D tax relief and capital allowances.
Following the consultation
As businesses up and down the country progress on recovering lost trade, HMRC will be implementing the first phase of a VAT Increase for Hospitality Businesses effective from 1st October 2021.
Is your business affected by the VAT Increase… Read more ->
The claim window for the Fifth SEISS Grant is closing soon. The deadline for making a claim is 30th September 2021. This will be the final grant given to the self-employed. If your business has suffered due to Covid … Read more ->
On the 20th July 2021 the Government published draft legislation which will see the BIGGEST tax change affecting the self-employed since the introduction of self-assessment!
Until now, the self-employed, which includes partnerships, can elect when they wish to prepare … Read more ->
Are you running a property business or receiving income relating to a property? Then, do you know if all the income received is treated as ‘Property Income’ for tax purposes? Our article ‘Property Income: What’s Excluded? … Read more ->
New EU VAT Laws came into effect on 1st July 2021 and these are likely to affect many businesses.
The idea of these changes is to modernise the declaration of … Read more ->
The window for the Fifth SEISS Grant will soon be open. However, the calculation is very different to the previous grants.
The 5th, and final SEISS Grant will support many more individuals whose businesses … Read more ->
The Finance Bill 2021 included a plan for the Government to introduce new legislation. The new legislation provides a temporary extension to the loss carry back rules for trading losses of both corporate and … Read more ->
