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.
Tax (Corporate)
Tax free staff Christmas and reminder about Gift Aid for charities
How to plan your tax free staff Christmas gifts and office party, and how important gift aid is for charities.
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.
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.
Making Tax Digital coming soon for income tax
Rob provides details about the plans for MTD for Income Tax including what will need to be reported and when.
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.
Pension contributions are tax efficient for both employee and employer
Rob reminds us that pension contributions to approved pension funds continue to be a tax-free benefit provided the annual input limit is not breached.
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.
The ‘Off-Payroll’ working rules as of 6 April 2021
James outlines what you need to know about ‘off-payroll’ working with new rules coming into effect next month.
VAT Construction reverse charge
NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 INTRODUCTION New VAT rules are due to come into…
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Coming into force on 1 March, Rob explains what theses VAT changes are and what actions need to be taken now.
Commercial property – don’t miss out on allowances!
James talks about Capital Allowances on commercial property to make sure you don’t miss out on any opportunities.
New lockdown grants announced
The Chancellor has announced one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring.
How about a virtual Christmas party?
Rob explains how to enjoy a tax free ‘virtual’ office Christmas party as well as the tax situation for gifts to staff and charity
Annual Investment Allowance extended
James explains that the Chancellor has announced that the temporary £1 million limit will continue for a further year
R&D Advisors – Trust the professionals
The key areas that help to determine who may be best to provide you with a specialist R&D service.
Expansion of Job Support Scheme
There has been considerable uncertainty over the last few days over whether hospitality businesses may be told to close in…
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Invest time to embrace technology and get so much more back!
Time is a precious commodity and technology is key to getting more of it. Whether your time-saving motivation is to…
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Annual Investment Allowance – A Nasty Trap Awaits!
James warns that the temporary increase in the Annual Investment Allowance is due to go back to the previous level at the end of the year.