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
Beverley Hills of Britain strengthens position as the UK’s tax hotspot
According to our research, residents in Elmbridge in Surrey are paying the highest amount of Income Tax in the UK.
HMRC tightening screws on small businesses brings in £470m in extra tax last year
According to our research, HMRC earned an additional £470m from investigations carried out into the tax affairs of small businesses last year*, as it comes under increased pressure to boost income from tax investigations.
HMRC investigations into underpaid ‘sin taxes’ yield £1.6 billion
According to our research, HMRC investigations into underpayments of ‘sin taxes’ on cigarettes, alcohol yielded £1.63 billion in extra tax this year, up 6% on the £1.54 billion raised the year before.*
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.