THE GOVERNMENT has changed its policy on research & development tax credits for “above the line” accounting.
Chancellor George Osborne said that the government will introduce “above the line” accounting – and move from the current “superdeduction” method of reducing a company’s taxable profits at the year end to a system that reduced the company’s final tax liability. This was first announced in the consultation on R&D tax credits released this year.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states