R&D Tax Relief changes
HMRC is currently scrutinising claims for R&D tax relief, following increased media attention and parliament focus. The government has recently made its first steps towards reforming the R&D tax relief scheme, but the biggest changes are due to come into force on 8 August 2023.
Sole trader vs limited company for tax purposes
How your business is taxed will be a big factor in how you structure it, says Leigh Thurston.
Changes to the Lifetime Allowance
The 2023 Spring Budget introduced a number of key changes to pension legislation, and in particular changes to the Lifetime Allowance.
Capital Allowances - Full Expensing
The Chancellor Jeremy Hunt announced in the November 2023 Budget that full expensing for capital allowances will be made permanent, with the aim to help boost business investment and increase global competitiveness.
Exit planning – what does the future hold for Employee Ownership Trusts?
The UK government has announced that they are going to issue a consultation on the use and effectiveness of Employee Ownership Trusts (EOTs). The focus seems to be ensuring these are primarily being used to incentivise employees.
Capital Gains Tax changes – A summary
In the Chancellor’s Autumn Statement on 17 November 2022, he announced that Capital Gains Tax (CGT) allowances will be reduced from April 2023 and then further reduced from April 2024.
Is your Company ready for the April 2023 tax changes?
From 1 April 2023, there will be a new financial year and as always this comes with a range of changes to the regime of tax applied to companies in the UK.
Let Property Campaign
HMRC run various regimes whereby they target certain types of income, whether this be via enquiry, or to encourage voluntary disclosure.