James explains the measures being explored by the government to increase transparency around R&D Tax Credit claims and who is making them.
Posts by James Geary
Make your innovation worthwhile by claiming R&D Tax Relief
James explains that all businesses need to innovate to remain competitive and many can claim R&D Tax Relief for what they do but don’t realise.
Capital Allowances Reform – a more generous and simplified system?
James explains the potential reforms to the Capital Allowances system, which provides tax relief for capital equipment such as machinery, fixtures and vehicles.
Spring Statement 2022: three-step ‘Tax Plan’ Step 2
James explains more around the Chancellor’s announcements in step 2 of the Tax Plan covering R&D and Capital Allowances.
R&D Tax Relief – big changes afoot!
James explains the three key changes proposed at high level by HMRC following the recent Tax Administration & Maintenance Day.
R&D Tax Relief – a reminder of the basis, current statistics and topical issues
James provides a summary of the latest annual claim statistics published by HMRC as well as explaining the topical issues affecting R&D Tax Relief.
R&D Tax Relief – proposed reforms
On “Tax Day” on Monday we had a better insight into the upcoming changes to R&D Tax Relief. James provides a summary of the proposals and next steps.
Budget round-up: Tax Administration
James explains about discovery assessments highlighting the need to not ignore correspondence from HMRC
Budget round-up: Business Taxation
James gives an overview of the announcements from today’s Autumn Budget concerning Business Taxation
What will we see in the Autumn Budget 2021?
James gives an idea of what to expect from the Chancellor at the Budget next week from what we understand currently.
Health and Social Care Levy – a new tax
James outlines the new plan for health and social care which has been announced by the Government today.
Off-Payroll working, will HMRC accept CEST result?
HMRC suggest organisations use the CEST tool on their website to check the worker’s status and will be bound by the result if used correctly.
Company loss relief can be claimed early
James outlines how a company can carry back a loss to earlier years and obtain a repayment of tax previously paid.
Client-led R&D – is it subsidised or not?
James explains what is mean by client-led R&D and what recent changes in the approach taken by HMRC mean to those affected.
Commercial property landlords to benefit from Super Deduction
James explains an amendment which clarifies that commercial property landlords can indeed claim the super deduction.
New enhanced Loss Relief rules may result in extra tax refunds
James explains how many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in the previous three years.
Tax Planning with Alphabet Shares
James explains some of the key issues around share ownership for family businesses and the current stance of both HMRC and the tribunals in terms of what is most effective and acceptable practice.
Raising standards in the tax advice market
James explains the detail behind Government’s plans for improving standards and regulation in the tax advice market.
What could happen on Tax Day?
James and the Tax team look ahead to the inaugural “Tax Day” next week and what may be announced.
Research & Development Tax Relief Consultation
James shares details of the consultation which will take place and the key topics it will be covering.