The UK’s research and development (R&D) sector is a hub of innovation, and a key contributor to the nation’s economy. To support this, the government has offered various tax relief schemes since 2000, recognising the efforts of UK companies investing in research...
‘The digital age’ is a phrase that we’re all too familiar with in 2023, as countless systems become digitalised. UK business owners are no strangers to digital tax processes ever since the government began rolling out their Making Tax Digital for VAT scheme in 2019...
There is nothing worse than the dread of your tax return looming over you as you kick off the Christmas period. Last year, HMRC reported that 22,060 individuals submitted their self assessment form online between Christmas Eve and Boxing Day. On 31 January 2023,...
Just last week, Tata, the owner of Jaguar Land Rover, confirmed plans to build its flagship electric car battery factory in the UK. Tata is set to invest £4bn in their Somerset site but this will also be supported by subsidies from the government which are thought to...
Are you usually required to submit a Self Assessment tax return? If so, you may no longer be obligated to file a return from this tax year (2023/24) onwards. The Self Assessment threshold for PAYE only taxpayers will increase from £100,000 to £150,000, meaning that...
With our feet now firmly in the 2023/24 tax year, last year’s reporting might seem like a distant memory. But we hope you haven’t forgotten that the P11D deadline to report all your company benefits and expenses from the 2022/23 tax year is fast...
