Sep 13, 2023 | Business Tax
Proposed changes to R&D tax relief will make the tax system more complicated for businesses, the Association of Taxation Technicians (ATT) has warned. Draft clauses for what is expected to become Finance Bill 2023/24 propose merging the two separate reliefs that...
Sep 4, 2023 | Business Tax
Small companies need more Government support to invest in innovation and technology after R&D tax reliefs were scaled back earlier this year, says the Federation of Small Businesses (FSB). The FSB is calling on the Government to invest more in small firms and...
Aug 31, 2023 | Business Tax
HMRC has issued guidance on changes to the basis period tax year, affecting how certain businesses report their income. The basis period reform, active from 6 April 2023, affects partnerships, self-employed individuals and sole traders whose accounting year does not...
Aug 30, 2023 | Business Tax
Sole traders and the self-employed will be able to claim tax relief on London's new green charges when they submit annual tax returns for business related journeys. The new ultra low emission zone (ULEZ) charge has been extended to all London boroughs from 29 August,...
Aug 29, 2023 | Business Tax
A record amount of tax relief was paid out to companies in the creative sector, with £1.66 billion paid out in 2021/22. This figure was up by 54% from £1.06bn in 2020/21, although this period saw a reduction in live productions due to Covid lockdowns. High-end TV...
