OUR LATEST INSIGHTS

Blog7th May 2021

Is there a penalty in getting your claim for R&D Tax Relief Wrong?

At this time when many companies are looking for some additional cash, far more have been looking at R&D tax relief and being more open to consider whether their activities qualify as innovative enough to justify a claim.

Blog23rd Mar 2021

Tax Day – 23 March 2021

Today, 23 March 2021, has been badged “Tax Day” following The Chancellor’s announcement that the results of a number of tax consultations will be released today for review and a request for input by Professional Advisors, Industry bodies and any…

Blog5th Oct 2020

Coronavirus Employment Support Measures – An Update

On Friday afternoon the government issued some updates to the guidance on the Coronavirus Job Retention Scheme (CJRS) and published new guidance for the Job Retention Bonus (JRB) alongside how it will interact with the new Job Support Scheme (JSS).…

By Katy Christiansen

Blog5th Oct 2020

Corporate Tax Considerations to Maximise Cash & Retain Employees

The past few months have been very challenging for the majority of businesses, large and small.  Not just locally or nationally, but on an international basis, requiring owners, managers and directors to juggle various important factors such as staffing levels, financing options and cashflow…

Blog27th Aug 2020

Potential Changes to Qualifying Costs for Research and Development Tax Relief

Following on from the Spring Budget 2020, the Government has announced that they are now consulting on the eligible expenditure that can be included in Research and Development (“R&D”) tax credit claims. The last formal consultation on the qualifying cost…

By Derek Gemmell

Blog4th Aug 2020

Make Tax Great Again! – Anticipated changes in respect of Making Tax Digital for Income Tax

Discussions have been in place regarding modernising the UK Tax system for several years, with VAT being the first of the UK Taxes to make the move with Making Tax Digital (MTD), rolled out in April 2019 for VAT registered…

Blog16th Jul 2020

Retaining Key Employees & Maximising Cash

The past few months have been challenging for the majority of businesses throughout the world, requiring companies to juggle various important factors such as staffing levels, financing options and cash flow implications, let alone the issues and changes arising in everyone’s personal lives.   

By Derek Gemmell

Blog12th May 2020

Allow Innovation to Deliver Your Company Cash

The UK government understands that supporting innovation is crucial to making the UK more competitive globally. Therefore, companies taxable in the UK that are undertaking R&D work can access a cash flow advantage by making a claim for enhanced tax relief through their tax return.  

Blog16th Apr 2020

COVID-19 Support for Small Businesses

With current uncertainty due to the COVID-19 pandemic, this is a concerning time for small business owners. We have outlined the support measures available to small businesses announced by the government below, full details can be found on the government’s…

Blog16th Apr 2020

COVID-19 Support for Large Businesses

The G=government has announced a substantial emergency package to support the long-term survival of UK businesses. It is essential that businesses are aware of the support packages made available by the Government and that they obtain support quickly in order…

Blog16th Apr 2020

COVID-19 Indirect Tax Measures in Europe

COVID-19 is a global issue and governments around the world are providing temporary tax breaks to help their struggling economies. Indirect taxes are a common area for reliefs to be applied.   

Blog15th Apr 2020

COVID-19 International Corporate Tax Filings & Payment Extensions

As COVID-19 continues to have an impact across the globe and on the economy, it is also having an impact on completion of work within the usual deadlines. As companies are focusing on operational aspects of business, Corporate Tax Return…