Changes to R&D tax credits 2023 – an update
Posted by Ben Locker on March 28, 2023Last year, the Chancellor announced changes to the R&D tax credits system. In this article, we update you on how the changes will work.
Pension top up – must be paid by 5th April!
Posted by Jon Pryse-Jones on March 13, 2023It’s always a good idea to review your pension contributions and consider whether it would be beneficial to do a pension top up before the end of the tax year on 5th April.
How to contact HMRC – and avoid the phone queues
Posted by Ben Locker on February 2, 2023Need to know how to contact HMRC while avoiding long phone queues? Then try this way of getting to speak to an HMRC adviser.
Tax penalties: how much can a dispute cost me?
Posted by Karen Jones on January 26, 2023Tax penalties are very much in the news at the moment. We look at the penalties you could pay if HMRC succeeds in a tax investigation.
Can’t pay tax bill? This is what you need to do
Posted by Karen Jones on January 16, 2023Can’t pay tax bill? If you’re in this position, it’s important to act now if you want to set up a repayment plan and avoid penalties.
Late self-assessment? Beware the tax return ‘super penalty’
Posted by Karen Jones on December 12, 2022Late self-assessment penalties can soon get expensive. But did you know HMRC has the power to impose a 200% ‘super penalty’ in some cases?
HMRC letters for landlords not declaring income
Posted by Jon Pryse-Jones on November 24, 2022HMRC letters to landlords asking them to declare rental income and pay tax. We look at how HMRC learns about landlords’ financial affairs.
How to register a trust – act now to avoid a fine!
Posted by Ian Henman on October 6, 2022Did you know that many non-taxable trusts needed to be registered with HMRC by 1st September 2022? Register a trust now to avoid a fine.
IR35 reform scrapped: what it means for contractors
Posted by Karen Jones on September 29, 2022In the recent Mini Budget, the Chancellor announced that IR35 reform would be scrapped. When will this happen, and what will it mean for you?
Business mileage rate / tax on redundancy payments
Posted by Karen Jones on September 20, 2022In this news update we confirm the rules regarding the business mileage rate and look at the threshold for taxation of redundancy payments.
