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
77% of high value property tax comes from just two London boroughs
77% (£126m of £175m) of HMRC’s total take from a tax on high value homes held through a company is collected from properties in Westminster and Kensington and Chelsea, our research shows.
Financing landmark buildings and flagship projects could be more difficult in the future with tax changes for overseas investors
Autumn Budget announcement means financing landmark buildings & flagship projects could be more difficult in future with tax changes for overseas investors.
Amazon and eBay face VAT liability bombshell as HMRC targets ‘sea change’ in attitudes
Unpaid VAT on online sales has become a huge issue in recent years, and has cost the Exchequer a vast amount in potential lost revenues.
Stamp Duty Land Tax revisited (for the third time!)
If you thought tax was supposed to be getting simpler think again. From 1 April 2018 (and unfortunately this is no joke) SDLT will be abolished in Wales and replaced with land transaction tax (LTT) or ‘Deddf Tref Trafodia dau Tir’ as it is known locally.
First Spring Statement slimmed down – but what was unveiled?
Today saw the Chancellor Philip Hammond deliver his first Spring Statement. At only 25 minutes long there were none of the usual tax or spending announcements, instead only a response to economic forecasts from the Office for Budget Responsibility, along with notice of various consultations on future changes.
Prosper is our new magazine aimed at helping businesses and business owners understand the latest issues affecting them and their peers. Written with small and medium-sized enterprises (SMEs) in mind, Prosper contains a range of articles exploring the current business environment, and features relevant tax and regulatory updates as well as practical advice for businesses at all stages.