The landscape of R&D claim submission is set to undergo a significant transformation from August 2023, following a series of reforms to the R&D tax relief scheme in April 2023. This guide provides a comprehensive overview of these changes, focusing on the introduction of the compulsory Additional Information Form.
In recent years, full expensing has emerged as a powerful incentive for businesses to maximise their investments and minimise their corporation tax liabilities. As the… Read More »Full Expensing: A Game-Changer for UK Capital Investment, the end of the Super-deduction, and other Corporation Tax changes
After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023. This will… Read More »Corporation tax in 2023
As a business owner or investor in the UK, it is important to understand the rules and processes involved in receiving interest from companies. In this article, we cover withholding tax, the CT61 form, and how to claim a tax credit for withheld tax. Get the information you need to comply with UK tax laws and ensure that you are accurately reporting your income.
Update on Barrister Incorporation Back in 2015, the Bar Standards Board began accepting applications from Barristers who wish to practice through a separate legal entity,… Read More »Barrister Incorporation
What tax powers are moving away from Westminster? It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave… Read More »Devolution of tax powers within the UK
If you have just formed a new company and been appointed as the director there are a number of obligations you should be aware of, two… Read More »Companies House obligations for newly formed companies
A guide to the allowances and reliefs available to help minimise your corporation tax Limited companies and most unincorporated associations such as sports clubs and… Read More »Minimising corporation tax