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...
Aug 25, 2023 | Business Tax
HMRC has delayed the launch of an online service to help sole traders, self-employed, and accountants calculate overlap relief due to a rule change to basis accounting. The original 31 August launch date has been pushed back to 11 September as HMRC faces technical...
Aug 15, 2023 | Business Tax
The Government should remove tax deductions made on payments by landlords to tenants for construction work on properties, according to the Chartered Institute of Taxation (CIOT). The Construction Industry Scheme (CIS) requires contractors to deduct money from payments...
Aug 9, 2023 | Business Tax
Claiming research and development (R&D) tax credits is set to become more difficult as HMRC seeks to clamp down on the estimated £1.13 billion of fraud and error in claims. From 8 August 2023, all businesses or their R&D advisers will have to fill in an...
