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November 17, 2021

R&D Tax Credits – Trends and Changes


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R&D tax credits are approved tax based financial incentives. They are intended to encourage and stimulate UK companies to invest in innovation and R&D. This is important to keep UK

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September 9, 2021

SDLT – complete your residential purchase soon to save £2,500!


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SDLT – complete your residential purchase soon to save £2,500! In June 2020 the government temporarily increased the nil rate band for Stamp Duty Land Tax (SDLT) on residential property

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August 4, 2021

Status Determination Statements


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From 6 April 2021, the responsibility for deciding whether off-payroll working (IR35) rules apply moved from the personal service company to the hiring company. The rules only apply to UK

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July 23, 2021

New Company Loss Carry Back Rules


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HMRC have updated their guidance on claiming relief for company trading losses to take account of the extended carry back announced in the Spring Budget and now legislated in the

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July 7, 2021

The Importance of a Sales Memorandum When Selling Your Business


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What is a Sales Memorandum? A sales memorandum (“SM”), also known as an information memorandum, is created when a business is preparing to market itself for sale. An effective SM

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June 24, 2021

R&D Tax Credits – Update


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The Finance Bill 2021 introduced changes to the criteria for the research and development (R&D) tax credits scheme. The new rules have been designed to prevent fraudulent tax credit claims

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May 18, 2021

HMRC’s Trust Registration Service (TRS)


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There has been an obligation for Trusts to register with HMRC for many years if they have been liable for any of the following taxes: Capital Gains Tax Income Tax

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May 4, 2021

CIS: changes to tackle abuse from April 2021


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Back in March 2020 as part of the Spring budget, the Chancellor of the Exchequer, Rishi Sunak, announced a consultation to tackle abuse of the Construction Industry Scheme (“CIS”). Roll

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April 19, 2021

Recovery Loan Scheme (‘RLS’) launched – 6 April 2021


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The scheme was originally announced in the March 2021 Budget, and in which the Chancellor of the exchequer, Rishi Sunak, pledged to announce the UK Government’s latest support for businesses

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April 1, 2021

“Tax Day” announcements 2021 – what it could mean for your future taxes


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On Tuesday 23 March 2021, the government published a series of tax documents and consultations, with a view to strengthen policy making and modernising the tax system. Whilst the consultations

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March 17, 2021

VAT Payment Deferral


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When the COVID-19 pandemic first struck the UK in the early part of 2020, HM Treasury provided a number of forms of assistance to taxpayers and businesses and one of

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February 24, 2021

CJRS claims – publication of claimant companies details


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Might your name be disclosed online for using the Coronavirus Job Retention Scheme? It might come as a surprise to learn that the Government are publishing the names of companies

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