Our June Taxflash discusses changes to the rules on the taxation of loans made by close companies to their participators, which were introduced in the Finance Bill 2013 and took effect from Budget Day, 20 March 2013.
Research and development (R&D) tax relief is an incentive from the government to encourage companies to invest in R&D activities. This fact sheet summarises the basics of R&D tax relief and includes examples of some of our more obscure claims that we have experienced.
Our regular summary of all the latest tax issues that will affect you and your business. In this issue we concentrate on tax planning: for the Budget; for your year end; for your business; for individuals and families; for UK or offshore trusts; for foreign domiciliaries; and for estate and inheritance tax.
HMRC have announced the re-launch of their business records check program. A pilot scheme began back in April 2011 and by February 2012 had found that 36% of businesses had some issue with their record keeping. The process was then suspended to allow HMRC to redesign the approach.
When the Government initially raised the reform of Child Benefit at the Conservative Party conference in 2011 there was an outcry that it was unfair and complex. The new tax charge in relation to Child Benefit will affect approximately 1.2 million families.
The new system of Real Time Information (RTI) is mandatory for all employers and is to be implemented from April 2013.
Our quarterly newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses. In this edition, we focus on the following topics: Tax Additional Land Remediation Tax Credit relief to end in April 2012 Research and Development Tax Credits for companies Tax on company cars […]