R&D Tax Credits in Practice

R&D tax credits allow small companies to deduct an extra 130% of their qualifying costs from any profits, in addition to the existing 100% of qualifying costs - a total potential deduction of 230%. Can my company claim R&D relief? [...]

2020-03-09T07:41:30+00:00January 10th, 2020|Corporate Tax|

Gearing Up for Self-Assessment

There's only two months left until the 31 January deadline for online self-assessment tax returns. At some date in the next few years, but no earlier than 2021, digital returns for income and corporation tax will become mandatory for some [...]

2019-12-06T17:45:00+00:00December 6th, 2019|Personal Tax|

Low Risk Ways to Start a Business

So you've got business idea, and you think it might be a runner. Is now the right time given the current uncertainties? And where do you go from here? There are certain things that you can do to get your [...]

2019-12-06T17:45:00+00:00December 6th, 2019|Business|

Capital Gains Tax Planning

From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual. These include (1) Letting relief, (2) Final-period exemption and (3) the [...]

2019-11-11T11:34:01+00:00November 11th, 2019|Property Tax|

IR35 in the Private Sector

Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private sector contractors will be [...]

2019-11-11T11:34:02+00:00October 8th, 2019|Personal Tax|

The Numerous Quirks and Foibles of VAT

Do you know your Jaffa Cake from your Hobnob? Apart from the obvious differences, do you know why they are treated differently for VAT purposes? This is just one of the many quirks and foibles of the VAT legislation, not [...]

2019-11-11T11:34:02+00:00September 2nd, 2019|VAT|

Residence and Domicile

For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in [...]

2019-11-11T11:34:02+00:00September 2nd, 2019|Personal Tax|