Estate planning can be a complicated area to navigate, both for you and, eventually, your beneficiaries. It’s understandable that you may want to reduce your taxable estate, so that the inheritance tax obligations of your non-exempt beneficiaries is less later down...
Earlier this year, there were several changes to the UK’s Corporation Tax rules which saw a number of SMEs become subject to higher rates than before. Under this, the main rate of Corporation Tax increased to 25% (for businesses with a profit over £250,000) whilst the...
In an era of increasing social awareness, ESG (environmental, social and governance) is not a “box ticking” exercise. A shift in focus to ESG is led by a genuine desire to make a difference and, as a result, we are seeing more SMEs working towards developing their...
If you have, or know of, a child that was born between 1st September 2002 and 2nd January 2011, then they would have been entitled to a Child Trust Fund; the government’s tax-free savings account scheme that was set up for children born within this period. The scheme...
In our most recent edition of Tax Tuesday, we looked at the changes to research and development compliance as part of HMRC’s crackdown on tax relief fraud. However, R&D is not the only relief to be taken advantage of – the complexity of the UK’s tax relief...
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...
