Tax inspectors will next week take part in the first training course to
improve their understanding of software for firms applying for research and
development (R&D) tax credits.
The credit scheme allows firms with programmes worth more than £10,000 to
deduct 150 per cent of that expenditure when calculating annual profits.
But software development can be less tangible than in other sectors, leading
Courses focusing on the IT industry will help address the imbalance, said Tom
Wills-Sandford of supplier body Intellect.
‘There have been stories of claims being turned down for peculiar reasons –
because software is invisible,’ he said.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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