Autumn statement: 22 November 2023

4 minutes to read A ‘transformational’ Autumn Statement? With better-than-expected inflation figures the Chancellor of the Exchequer, Jeremy Hunt appeared keen to shed his party’s reputation of having overseen the biggest increase in the tax burden since the Second World War. With a total of 110 changes, the speech was billed as ‘a plan to unlock investment, reward work and …

Claiming R&D tax relief? New process from 8 August 23

4 minutes to read Changes to the process for claiming R&D tax reliefs and allowances, and what they mean for your business need careful attention right now. From 8 August all R&D claims must be made electronically through HMRC’s portal, alongside detailed information regarding the claim. R&D tax relief R&D tax relief supports companies that work on innovative projects …

Tax treatment of software and design costs

2 minutes to read What does a business owner need to know about the treatment of ‘digital expenses’ and their potential tax consequences? Whether you are at the planning stage, or an established business, it is worth speaking to one of our experts to check you are making the most of the digital investments you are making. Background First, …

2023-2024 Tax cards

< 1 minute to read Our latest tax cards are a concise summary of the tax rates, allowances and bands for the tax year 2023-2024. Useful to refer to if you want to check – Income Tax Income Tax reliefs Individual Savings Accounts Capital Gains Tax Inheritance Tax Car, van and fuel benefits National Insurance Tax reliefs for individuals Follow …

Making Tax Digital: more time to comply

2 minutes to read With the economic environment challenging, the government has announced today (19 December 2022) that self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD). The aim is now to implement the change gradually so that MTD works for everyone: taxpayers, tax agents, software developers, as well as HMRC. The significant …