Blog: UK Research and Development Third Edition

Maria Kitt General Taxation Leave a Comment

UK Companies can now retrieve up to 33% of their RD spend through HMRC reliefs and tax credit payments. Yet fewer than an estimated 37% of Companies eligible for this important funding do so. UK Science and Technology Companies are rarely far from the News, with important 5G and Space Satellite programmes reaching worldwide platforms. Why then, is the RD …

One Month in a Minute: May 2018

Lee Sharpe General Taxation Leave a Comment

GOING DIGITAL HMRC announced in a Public Accounts Committee session on 30 April 2018 that its digital transformation programme was being slowed down in some areas, to meet demands for resource as a result of Brexit. While MTD for VAT is still on track for April 2019, other projects are being sidelined: The simple assessment programme involves HMRC issuing tax calculations …

VAT news and cases roundup: May 2018

Andrew Needham VAT and Customs Duties Leave a Comment

Brexit cost for small businesses Following Brexit, the distance sales thresholds will disappear and UK e-retailers could have additional compliance costs. In a survey of 989 small e-retailers the estimated cost per company of new EU VAT registration and returns obligations could amount to €28,568 p.a. for each business. An estimated 27,040 UK small companies selling goods online across the …

June Online Service Updates

Steve Savory Bloomsbury Professional News Leave a Comment

What’s new in our tax online services? Steve Savory summarises the highlights. One of the most widely respected products in the tax list is Trust Drafting and Precedents by Geoffrey Shindler and Julie Bell, and it’s easy to see why. There’s a lucidity to the writing which is particularly welcome in this area. The following notes in the chapter on …

IR35 Consultation

Rebecca Cave HMRC Leave a Comment

The Government have recently issued a consultation document, seeking views on how best to deal with non-compliance with the IR35 rules in the private sector.  Rebecca Cave, contributor to several Bloomsbury Professional titles, looks at what this consultation might mean. Consultation on changing the IR35 rules The operation of the IR35 changed for public sector contracts with effect from 6 …