R&D Tax Benefit for companies
Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. However, rules have changed in recent years,… Read More »R&D Tax Benefit for companies
Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. However, rules have changed in recent years,… Read More »R&D Tax Benefit for companies
By the time you’re reading this, the new tax year has already started. But there are some Personal Tax changes kicking in from 6 April… Read More »Personal tax changes for 2022/23
The Government has opened a public consultation into a new online sales tax (OST). This is expected to “rebalance” the taxation of online and in-store… Read More »Public consultation for online sales tax
More than two million people missed the self-assessment tax return deadline on 31 January 2022, according to HMRC. The tax authority said more than 10.2… Read More »Deadline for Self-Assessment, missed by millions
A basis period is the period that HMRC tax your income/profits for. Individuals, trusts, and partnerships with trading income, are subject to the basis period… Read More »Tax Year Basis Update
A chunk of time has passed since the self-employed income support scheme (SEISS) was launched. This happened back in May 2020, following the onset of… Read More »The SEISS & 2020/21 income tax returns
National Insurance Contributions (NIC’s) will rise by 1.25% from April 2022 for employed and self-employed workers. As a result, this is intended to help fund… Read More »National insurance contributions are rising.
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed. This is following the launch of a Government… Read More »Businesses basis period rules in line for reform
After a challenging year as a UK residential landlord, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the… Read More »Tax planning for a residential landlord.
COVID-19 prompts high demand for UK holidays. Owning and letting out a holiday home, otherwise known as a furnished holiday let (FHL), has always been… Read More »Furnished Holiday Let tax implications