HMRC’s new guidance on Research and Development (R&D) tax relief 'could be clearer', according to the Institute of Chartered Accountants in England and Wales (ICAEW).

The rates for NICs will be cut by two percentage points for both employees and the self-employed from 6 April 2024.

HMRC have decided to halt its plans to restrict taxpayer helplines and instead direct people to online services

The Chancellor Jeremy Hunt delivered his Spring Statement to Parliament on 6 March 2024. Key announcements that may interest or impact some of our clients are details in the following article.

Double-cab pickups will continue to be treated as goods vehicles rather than cars for tax purposes and the tax on benefits in kind will not increase when employers provide these vehicles to their employees.

HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.

HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.

HMRC sends warning to cryptoasset users

As the use of cryptoassets continues to grow HMRC is warning people to check if they need to complete a self assessment tax return each year to avoid potential penalties.

The clock is ticking for clients yet to file their tax return by 31 January 2024. Don’t put it off, kick start the new year by finalising your self assessment.

HMRC recently updated its guidance on off payroll working compliance for employers.

The new guidance sets out 'practical steps' for organisations to follow.

The government has confirmed that Chancellor Jeremy Hunt will deliver the 2024 Spring Budget on 6 March.

It could be the last chance for the government to announce significant changes to tax policy before the general election.

Changes to National Insurance contributions, National Living Wage, National Living Wage and Real Living Wage to increase.

New company car advisory fuel rates have been published and took effect from 1 December 2023.

Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery.

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A Summary of the Autumn Statement

We wanted to remind you of your obligations regarding Value Added Tax (VAT) registration in the United Kingdom. Registering for VAT is a crucial step for businesses operating in the UK, and compliance with this requirement is essential to avoid penalties and ensure the smooth operation of your business.

Here are some valuable insights about Research and Development (R&D) Tax Credits in the United Kingdom and how they can benefit your business.