Merger of R&D tax relief schemes to go ahead

The government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure […]

Currently, where an individual pension holder dies before age 75, drawdown pensions paid to a successor can generally be received free from […]

Draft legislation released for consultation on 18 July indicates that business and individual taxpayers will be required to provide more information to […]

The table below sets out the HMRC advisory fuel rates from 1 September 2023. These are the suggested reimbursement rates for employees’ […]

Date What’s Due 1 October Corporation tax for year to 31/12/22 unless paid by quarterly instalments. 5 October Deadline for notifying HMRC […]

The latest Finance Act includes two changes that will affect all R&D claims: (1) a requirement to provide additional information before an […]

Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child […]

Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession […]

There are rumours circulating in the press of the possible abolition of inheritance tax (IHT) in a bid by the Government to […]

HMRC interest rates are linked to the Bank of England base rate. Late payment interest is set at base rate plus 2.5%. […]