Research and development tax relief is an incentive from the government to encourage companies to invest in research and development activities. There is a common misconception that these incentives are aimed only at the technology sector, however, that is certainly not the case. This document outlines how research and development tax relief is more widely available than most companies realise.
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Latest News & Events
HMRC spend on private sector debt collectors soars by 62% in just a year
HMRC have increased their spend on private sector debt collectors by 62% in the last year to £39m in 2017, up from £24m in 2016.
‘Beverley Hills of Britain’ strengthens its lead as UK’s #1 tax hotspot – amount paid per person up 10% in a year
There has been a 20% increase in the amount of income tax collected from the top five towns with the highest average payments over the last five years.
Just 330 businesses tell HMRC they are using Corporation Tax schemes – down 42% in a year
The statistics show that a series of Government crackdowns over recent years have virtually eradicated aggressive Corporation Tax planning.
The 2018 Spring Statement: Our summary
We have produced a summary concentrating on the tax consultations that were announced either at Spring Statement or in recent weeks. We are also taking this opportunity to remind you of tax changes which take effect for 2018/19.
Tax card 2018/19
For a run down of the latest tax rates for 2018/19, download our handy tax card. If you would like a hard copy version sent to you, please contact us at firstname.lastname@example.org.
Taxflash: Mileage rates – December 2017
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.