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
Restaurant insolvencies jump 25% in the last year alone
The number of restaurant businesses going insolvent has jumped 25% in the last year to 1,410* in 2018/19, up from 1,130 2017/18, our research shows.
Self-employed individuals owed £1.6 billion in late tax payments to HMRC last year – figure expected to rise even further
Self-employed individuals owed £1.6bn in late tax payments to HMRC last year*, with the figure expected to rise even further once more self-assessment returns for 2017/18 have been submitted.
EU cuts contracts given to UK businesses – public procurement spend falls 30% in a year
The value of central EU public procurement contracts secured by UK businesses fell 30%, to €108m in 2018, from €155m in 2017, our research shows.
Contractors have been receiving letters from HMRC, typically addressed to the personal service companies (PSCs) through which they work
VAT domestic reverse charge within the construction industry
Although we have known about the new rules since 2017, please find below the key information in relation to the changes that come into effect on 1 October 2019.
Capital gains tax to be paid within 30 days of selling residential properties from April 2020
From 6th April 2020, capital gains tax (CGT) will be due within 30 days of the date of completion on the sale of most residential properties.