Articles15 Dec 2023
R&D tax relief schemes set to merge, but concerns remain
The merger of the two existing research and development (R&D) tax relief schemes means some companies will lose out as a result.
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Articles22 Nov 2023
Autumn Statement 2023 – Full expensing made permanent
At the Spring Budget 2023, Jeremy Hunt announced a new relief for capital expenditure to replace the Super Deduction that came to an end at that time. The new regime was called Full Expensing and was originally announced to be... Read more
Articles22 Nov 2023
Autumn Statement 2023 – R&D tax credits reform to one scheme
Today Chancellor of the Exchequer Jeremy Hunt announced that the existing two schemes that we have for R&D tax relief, the SME R&D tax credits scheme and the Research and Development expenditure credit (RDEC), will be replaced by one merged... Read more
Articles27 Oct 2023
Important Changes to Corporation Tax and the Impact of Associated Companies
Significant changes to the UK's corporation tax rates came into effect from 1 April 2023, and it's essential for businesses to understand the implications, especially if they are associated with other companies.
Articles26 Oct 2023
Transfer Pricing: the reasons why your business needs to take it seriously.
Transfer pricing is a critical aspect of international taxation that often gets overlooked by businesses. However, understanding and managing transfer pricing is becoming increasingly vital, especially in a globalised economy where multinational corporations operate across various countries. Understanding Transfer Pricing... Read more
Articles12 Oct 2023
Mitigating rising corporation tax rates
New HMRC statistics have shed some light on how many companies are affected by the recent hike in corporation tax rates. Just over 1.5 million companies paid corporation tax for the financial year to 31 March 2022, but only 7% fell above the £50,000 small profits threshold.
Articles28 Sep 2023
Corporate Interest Restriction (CIR) – What You Need to Know
Staying informed about regulatory taxation changes and mechanisms is paramount. One such aspect is Corporate Interest Restriction (CIR). So, what exactly is CIR, and what actions do you need to take as a business owner?
Articles11 Sep 2023
Don’t get caught in the VAT penalties net
The 50th anniversary of the UK’s introduction of VAT was earlier this year, but despite being around for a while, many VAT-registered businesses still find VAT too complex and confusing. No surprise then that more businesses than ever are getting hit with penalties for inaccuracies.