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The Department for Business (BIS) has announced that a number of additional locations in the UK have been granted Assisted Area Status from 1 July 2014, meaning the areas can bid for funding and benefit from tax breaks.
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.
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.