Capital allowances are a tax relief available on the plant and machinery you purchase in your business. They are deductible from your trading profits and reduce the amount of tax you pay. Important changes are discussed in this article… At
As part of the Chancellor’s plan to boost the UK economy after the Covid-19 pandemic, the Chancellor announced new measures during his March 2021 budget to encourage companies to invest in new plant and machinery over the next couple of
Prime Minster breaks election manifesto promise, by announcing a 1.25% temporary increase to National Insurance Contributions and dividend tax rates from April 2022. In a move away from the Conservative’s manifesto pledge to not raise taxes, the Prime Minster has
Our senior R&D team have been reviewing HMRC’s change in approach to scrutinising R&D claims and recommend that every claim and supporting information is more robust now then ever, with a review by an R&D specialist being a sensible precaution.