Jun 9, 2022 | Business Tax
HMRC has confirmed it will be contacting businesses who have exceeded their lifetime allowance for entrepreneurs' relief, now known as business asset disposal relief. The letters will be sent to individuals whose tax returns for the year to 5 April 2020 show gains on...
Jun 6, 2022 | Business Tax
A large number of business people are unprepared and unenthusiastic about the switch to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) in 2024, an HMRC survey shows. In response to the findings, the Chartered Institute of Taxation (CIOT) and the...
May 24, 2022 | Business Tax
HMRC has stopped its payment of some research and development (R&D) tax credits while it investigates irregular claims. That majority of R&D tax credit claims will not be affected, but claimants are warned there will be delays to the usual processing times...
May 23, 2022 | Business Tax
Tax experts have challenged the Government's proposals for an online sales tax (OST) as a way to fund new business rates relief. The Government started an open consultation on the tax earlier this year to work out what form an OST should take and when it would apply...
May 20, 2022 | Business Tax
Cross-border tax complexities with the EU cost the UK economy £47.6 billion in lost revenue last year, according to fresh data from the Centre for Economics and Business Research (CEBR). The stresses of navigating complex regulations post-Brexit continues to hold back...
