The UK’s research and development (R&D) sector is a hub of innovation, and a key contributor to the nation’s economy. To support this, the government has offered various tax relief schemes since 2000, recognising the efforts of UK companies investing in research...
If you’re a landlord looking to expand your property investment portfolio, it’s understandable that you’ll want to keep your operations as tax efficient as possible. After all, you’re running a business. It was recently cited by CBRE that the UK private rental sector...
‘The digital age’ is a phrase that we’re all too familiar with in 2023, as countless systems become digitalised. UK business owners are no strangers to digital tax processes ever since the government began rolling out their Making Tax Digital for VAT scheme in 2019...
Just last week, Tata, the owner of Jaguar Land Rover, confirmed plans to build its flagship electric car battery factory in the UK. Tata is set to invest £4bn in their Somerset site but this will also be supported by subsidies from the government which are thought to...
Are you usually required to submit a Self Assessment tax return? If so, you may no longer be obligated to file a return from this tax year (2023/24) onwards. The Self Assessment threshold for PAYE only taxpayers will increase from £100,000 to £150,000, meaning that...
As a business owner, you’ll be no stranger to the inevitable costs that come with running a successful business. However, you can claim tax back on some of these expenses; these are allowable expenses. Although some expenses may feel small on their own, they add up...
