As a result of the first Finance Act being rushed through due to the snap General Election the legislation to introduce the new company loss relief rules were dropped. This led to considerable uncertainty as to the start date of the new rules but it has now been confirmed that the new rules will apply from 1 April 2017 after all.
Question Time on R&D Tax Credits for Business Owners. Recent statistics show that there are in excess of £3billion in unclaimed R&D tax credits. Could local business owners be missing out on their tax relief claim?
When you quit the rat race, will you really have the time of your life?
As a business owner, I’m sure you have recently found yourself asking questions like – Is now the perfect time for switching to cloud based accounting?
BREAKING NEWS – As of yesterday (13 July 2017) ministers have confirmed a new timetable for Making Tax Digital and have delayed rollout by ‘at least’ two years until 2020, although quarterly VAT reporting using the system will be mandatory from 2019.
The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10%. This guidance only refers to patents but your… Continue reading Corporation Tax: The Patent Box
Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.