Research and Development (R&D) Tax Reliefs – The New Merged Scheme
R&D tax relief is a government incentive providing companies with tax breaks to encourage investment in innovative projects in the field of science and technology.
End of year tax planning: Use your allowances before 5 April 2021
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
Fines and penalties for not completing your Self Assessment tax return
The 31 January Self Assessment tax return deadline is fast approaching. What are the financial implications if you miss the deadline?
VAT payment deferrals
The new VAT deferral payment scheme opens soon allowing you to make up to 11 interest-free monthly instalments
Gifts and Inheritance Tax
If you are considering making a financial gift this festive season, are you aware of the Inheritance Tax (IHT) consequences?
The Chancellor overhauls Entrepreneurs’ Relief in Budget
The Chancellor announced in the Budget that he will overhaul Entrepreneurs’ Relief. The lifetime allowance on claims from the relief will be reduced by 90% going down from £10m to £1m — a move the Chancellor said would save £6bn per year.
