HMRC Cracking Down on R&D Claims
Companies that undertake research and development (R&D) should be aware that more information will be required when claiming the associated tax relief from 1 August 2023. What’s changing?
Tax Free Perks Instead of Dividends
When should you take perks instead of dividends?
As a rule of thumb, dividends are the most tax and NI-efficient method of taking income from your company. But there are sometimes better alternatives. What are they and when can you use them?
Pension Tax Relief Change
There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget.
New Government Childcare Schemes
Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September.
HMRC Beat Glasgow Rangers
A scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case.
Making Tax Digital for Business Delayed
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital #MTD for Business to 2020 at the earliest.