Jun 22, 2021 | Business Tax
Government borrowing decreased this May as restrictions were lifted and tax receipts increased, the latest statistics from the Office for National Statistics (ONS) show. Public sector net borrowing - the difference between spending and tax revenue - stood at £24.3...
May 27, 2021 | Business Tax
The Government's £7.3 billion research and development (R&D) tax credit scheme is failing to spur investment in innovation and investment, concludes a report from the Centre for Business Research at Cambridge Judge Business School. It warns that while the...
May 14, 2021 | Business Tax
HMRC has confirmed it will accept tax relief claims from people who had to work from home due to the coronavirus during the current financial year. The relief is available to workers who are only able to work from home due to the coronavirus. More than three million...
Apr 9, 2021 | Business Tax
Investment in the UK's manufacturing sector is set to increase as a result of the Government's super-deduction tax break, a report has claimed. Research from manufacturers' organisation Make UK found that 23% of companies plan to raise investment levels because of the...
Apr 8, 2021 | Business TaxPersonal Tax
The Chartered Institution of Tax and Institute of Chartered Accountants of Scotland (ICAS) want "a devolved tax system that is sustainable and fit for purpose". The two tax bodies made the recommendations in response to a poll which found 26% of Scots were "not aware...
