by Ruth Clark | Feb 20, 2023 | Tax
UK Enacts Significant Changes to Research & Development Tax Regime Significant changes to the UK’s Research & Development (R&D) tax relief regime are being introduced with effect from 1 April 2023. Changes to R&D tax relief rates Relief is available...
by Ruth Clark | Feb 15, 2023 | Tax
It is a fact of life that when we lose a loved one, the loss and grief is not all we have to deal with, even though that would be enough. Sadly, there is also a lot of administration that needs to be done by those left behind. This can be anything from registering the...
by Ruth Clark | Feb 13, 2023 | Business, Tax
What directors can do before the end of the tax year to reduce the tax bill on dividends withdrawn and warns of a timing trap? It has taken a long time; but from 6 April 2023, the rate of tax on dividends will increase such that there is now near parity between taking...
by Ruth Clark | Feb 6, 2023 | Tax
If you let out the residential property (a dwelling house) you may be able to claim a deduction for the cost of replacing domestic items such as: Movable furniture for example beds, free-standing wardrobes Furnishings for example curtains, linens, carpets, floor...
by Ruth Clark | Feb 1, 2023 | Tax
Making Tax Digital (MTD) has been on the cards for years now, with businesses already pushed towards dealing with their VAT this way. But plans to extend this for Income Tax Self-Assessment (ITSA) have been put on hold once again until April 6, 2026, eight years later...
by Ruth Clark | Jan 30, 2023 | COVID-19, Tax
Two relaxations were introduced as a result of the COVID-19 pandemic lockdowns to allow millions of employees to claim tax relief for the costs of working from home during the 2020/21 and 2021/22 tax years. These were: The relaxation of the strict eligibility...
