Autumn Statement 2022: R&D relief for SMEs slashed

Budget Autumn Statement 2022: R&D relief for SMEs slashed

2w Sam Alberti

Autumn Statement 2022: R&D relief for SMEs slashed

The changes come amid “concerning” reports of abuse and fraud in R&D tax relief for SMEs, according to Chancellor Jeremy Hunt Read More...

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HMRC R&D fraud clampdown deterring authentic claims, experts say

R&D HMRC R&D fraud clampdown deterring authentic claims, experts say

3w Sam Alberti

HMRC R&D fraud clampdown deterring authentic claim...

The total value of R&D claims in the UK fell by 4% between 2019/20 and 2020/21 Read More...

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Autumn budget preview: Jeremy Hunt must ‘clarify’ ambiguous IR35 rules

Budget Autumn budget preview: Jeremy Hunt must ‘clarify’ ambiguous IR35 rules

3w Greg Noble

Autumn budget preview: Jeremy Hunt must ‘clarify’ ...

Market participants are hoping Chancellor Jeremy Hunt will clarify IR35 rules in the upcoming Autumn budget Read More...

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IR35 repeal U-turn a ‘massive oversight’

Politics IR35 repeal U-turn a ‘massive oversight’

2m Sam Alberti

IR35 repeal U-turn a ‘massive oversight’

The UK government’s U-turn jeopardises the contracting market and vital supply chains, experts say Read More...

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HMRC ‘must shoulder blame’ for disguised remuneration schemes

HMRC HMRC ‘must shoulder blame’ for disguised remuneration schemes

2m Sam Alberti

HMRC ‘must shoulder blame’ for disguised remunerat...

Use of the schemes has been rife since the latest IR35 private sector reforms, one market participant said Read More...

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Back to the future for off-payroll working

Business Back to the future for off-payroll working

2m Emma Rawson, ATT Technical Officer

Back to the future for off-payroll working

ATT technical officer, Emma Rawson, looks at what contractors and their advisors need to consider following the Chancellor’s unexpected IR35 announcem...

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Businesses warned of IR35 uncertainties despite reform u-turn

Business Businesses warned of IR35 uncertainties despite reform u-turn

2m Rob Griffin

Businesses warned of IR35 uncertainties despite re...

Accountancy firms say there are still many unanswered questions after Chancellor Kwasi Kwarteng’s speech Read More...

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Total UK R&D claim value falls for the first time ever

R&D Total UK R&D claim value falls for the first time ever

2m Sam Alberti

Total UK R&D claim value falls for the first time ...

Meanwhile, an uptick in the number of claims appears to show an innovation investment slump Read More...

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The Trust Registration Service beyond September 1, 2022

HMRC The Trust Registration Service beyond September 1, 2022

2m Helen Thornley, ATT Technical Officer

The Trust Registration Service beyond September 1,...

The deadline of September 1, 2022 for registering all trusts in existence at October 6, 2020 (unless specifically excluded) on the Trust Registration ...

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Q&A: KPMG head of tax policy discusses ‘levelling up’ and Truss’ tax cuts

Big Four Q&A: KPMG head of tax policy discusses ‘levelling up’ and Truss’ tax cuts

3m Rebecca Whittaker

Q&A: KPMG head of tax policy discusses ‘levelling ...

Head of tax at KPMG UK says devolution needs to be considered as a component of leveling up Read More...

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Will new PM Liz Truss deliver on her tax cut promises, experts ask

Tax Will new PM Liz Truss deliver on her tax cut promises, experts ask

3m Rebecca Whittaker

Will new PM Liz Truss deliver on her tax cut promi...

New Prime Minister Liz Truss must review IR35 rules and support SMEs, business leaders and tax experts say Read More...

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Tax experts call on PM’s successor to make “vital” improvements to tax system

Tax Tax experts call on PM’s successor to make “vital” improvements to tax system

3m Rebecca Whittaker

Tax experts call on PM’s successor to make “vital”...

President of the Chartered Institute of Taxation says HMRC’s performance standards are ‘falling short’, reinforcing the need for reformed digitalisati...

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IR35 action “must not be lip service” for future PM

Business IR35 action “must not be lip service” for future PM

3m Sam Alberti

IR35 action “must not be lip service” for future P...

The prospect of reform is welcome, but must be taken with a pinch of salt, sources say Read More...

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SMEs can “extend runway” with R&D regime changes

R&D SMEs can “extend runway” with R&D regime changes

4m Sam Alberti

SMEs can “extend runway” with R&D regime changes

Proposed reforms to the UK’s R&D tax regime could see a clamp down on “opportunistic advisers” Read More...

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Post-pandemic, are HMRC’s gloves off for good?

HMRC Post-pandemic, are HMRC’s gloves off for good?

4m Tim Symes, Lisa Vanderheide and Eugene Pekos

Post-pandemic, are HMRC’s gloves off for good?

How has HMRC managed its metamorphosis from benevolent supporter of businesses during the pandemic to hard-nosed tax collector? Litigation specialists...

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HMRC suspects big firms of underpaying £1.4bn in employment taxes through IR35 rules

Tax HMRC suspects big firms of underpaying £1.4bn in employment taxes through IR35 rules

4m Rebecca Whittaker

HMRC suspects big firms of underpaying £1.4bn in e...

HMRC intends to crack down on both self-employed workers and those who are paid through a personal service company (PSC) Read More...

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Boris Johnson’s successor must make SME support an “immediate priority”

Business Boris Johnson’s successor must make SME support an “immediate priority”

4m Rebecca Whittaker and Sam Alberti

Boris Johnson’s successor must make SME support an...

While Rishi Sunak stands firm on his “sound money” values, appealing to the interests of businesses could be the route to the top job, experts argue R...

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UK R&D criteria to be tightened in system overhaul

Business UK R&D criteria to be tightened in system overhaul

4m Sam Alberti

UK R&D criteria to be tightened in system overhaul

New government proposals see scope widen in some areas but narrow in others Read More...

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Accounting watchdog fines Laura Ashley auditor over “serious” breaches

Administration Accounting watchdog fines Laura Ashley auditor over “serious” breaches

5m Rebecca Whittaker

Accounting watchdog fines Laura Ashley auditor ove...

UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...

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The trials of residential property reporting

Personal Tax The trials of residential property reporting

5m Helen Thornley, ATT Technical Officer

The trials of residential property reporting

It’s been over two years since the introduction of so called ’60-day’ (originally 30-day) reporting. These rules represent a major change in the natur...

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How super is the super-deduction?

Business How super is the super-deduction?

5m Natasha Spicer

How super is the super-deduction?

Regardless of how effective the super-deduction has been in incentivising investment and boosting productivity, economists and tax professionals alike...

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Plastic Packaging Tax: Applying it for your clients

ESG Plastic Packaging Tax: Applying it for your clients

6m Institute of Financial Accountants

Plastic Packaging Tax: Applying it for your client...

With the Plastic Packaging Tax (PPT) having come into force on April 1, affecting manufacturers and plastic packaging importers, John Edwards, CEO of ...

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Accounting firms could “lose credibility” from MSC crackdown

Business Accounting firms could “lose credibility” from MSC crackdown

6m Sam Alberti

Accounting firms could “lose credibility” from MSC...

Accountants with contractor clients must take practical steps in an attempt to fly under HMRC’s radar Read More...

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UK will lose world-leading corporation tax status with impending hike, study finds

Corporate Tax UK will lose world-leading corporation tax status with impending hike, study finds

6m Sam Alberti

UK will lose world-leading corporation tax status ...

The “dramatic” increase may spur similar action in other jurisdictions, according to one expert Read More...

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Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts say

Tax Major spike in bogus R&D claims highlights ‘challenge’ for HMRC, experts say

7m Sam Alberti

Major spike in bogus R&D claims highlights ‘challe...

Forthcoming government changes will seek to tighten the regime to foster a “new culture of enterprise” Read More...

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Shock tax bills part of HMRC plan to “kill” contracting

Tax Shock tax bills part of HMRC plan to “kill” contracting

8m Sam Alberti

Shock tax bills part of HMRC plan to “kill” contra...

HMRC’s latest compliance crackdown could set a damning precedent for the contracting industry, market participants say Read More...

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Online sales tax: A new tax for the digital age?

Corporate Tax Online sales tax: A new tax for the digital age?

8m Emma Rawson, ATT Technical Officer

Online sales tax: A new tax for the digital age?

ATT technical officer, Emma Rawson, looks at a recently published consultation considering whether the UK should introduce an online sales tax, and wh...

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