Nov 18, 2022 | Business Tax
The Association of Taxation Technicians (ATT) has criticised proposed changes to SME R&D tax credits from the Autumn Statement. Chancellor Jeremy Hunt announced on Thursday (17 November) that the SME additional deduction will be cut from 130% to 86%, and the SME...
Nov 17, 2022 | Business Tax
Business leaders are praising Chancellor Jeremy Hunt's Autumn Budget after he announced a range of support packages in Parliament. The financial update, delivered today on 17 November, targeted business rates and a permanent increase to the annual investment allowance...
Nov 11, 2022 | Business TaxGovernment AnnouncementsPersonal Tax
Due to a fault in its service, HMRC's property account service has been miscalculating some capital gains tax (CGT) bills. As a result many non-residents who use the online system are paying the wrong amount of CGT due on property sales. HMRC confirmed on its agents...
Nov 8, 2022 | Business TaxPAYE and NIPersonal Tax
HMRC is raising interest rates on tax debt from 22 November following the recent 0.75% increase in the Bank of England (BoE) base rate. Interest will rise to 5.5%, in line with the base rate hike. The last time the rate changed was 11 October, when it went up by 0.5%...
Nov 3, 2022 | Business TaxGovernment AnnouncementsPersonal Tax
HMRC is reminding taxpayers to declare their self-employed income support scheme (SEISS) payments in their self-assessment return for the 2021/22 tax year. The Government paid SEISS grants to eligible businesses adversely affected by the Covid-19 pandemic. Over 2.9...
