Insights

Browse 257 Insights about Tax

Claiming The National Insurance Employment Allowance For 2020/21 5 May 2020 Employment, Tax - In the 2020 Budget, the Chancellor announced that the allowance would be increased to £4,000 for 2020/21, but this is not given automatically: it must be claimed.
Workplace Pensions 2020-21 Tax Year Update 21 Apr 2020 Employment, Tax - With the start of the 2020-21 tax year, the following changes to workplace pensions' thresholds and allowances are kicking in.
Using HMRC’s CEST Tool To Determine IR35 Status 2 Apr 2020 Employment, Tax - HMRC has made available their online Check Employment Status for Tax (CEST) tool, which can be used to determine the status of a worker for IR35 purposes.
R&D Tax Credits: How To Correctly Apportion Time 16 Mar 2020 Fundraising, Tax, Tech - When you submit a claim to HMRC, you will need to include records of the amount of time spent on R&D activities for each of the employees involved.
PAYE Cap On R&D Tax Credits Delayed Until 2021 13 Mar 2020 Fundraising, Tax, Tech - A PAYE cap on the amount claimed under R&D Tax Credits was supposed to be introduced in April this year, but it has now been delayed to 2021.
Upcoming Changes For Employment Allowance 2 Mar 2020 Bookkeeping, Employment, Tax - From 6 April 2020, access to the Employment Allowance is limited to businesses and charities with an employer NICs bill below £100,000.
4 Ways To Use R&D Tax Credits When You Already Received A Grant 28 Feb 2020 Fundraising, Tax - Many believe that if you took any kind of grant you won't qualify for R&D Tax Credits under the SME scheme. The matter is actually more complex than that.
What’s Next For Entrepreneurs’ Relief? 17 Feb 2020 Policy, Tax - There has been speculation that Entrepreneurs' Relief will be reviewed in the upcoming 11 March Budget. What will change? Will ER be scrapped or reformed?
SME R&D Tax Credits or RDEC: Which One Do You Qualify For? 17 Feb 2020 Bookkeeping, Fundraising, Tax - As you may know, there are two main R&D Tax Credit schemes. Whether the claiming company is eligible for the SME scheme or the RDEC, depends on its size. But how do we define size?
R&D Expenditure: Which Costs Qualify? 3 Feb 2020 Bookkeeping, Fundraising, Tax - There are 5 categories of R&D expenditure that are eligible for R&D Tax Credits. These include cost of staff and subcontractors, consumables and software.
Filing Form P11D: Everything You Need To Know 31 Jan 2020 Deadlines, Tax - If you paid any benefits or expenses to your employees or directors during the tax year, you are required by law to file form P11D with HMRC.
Tax Tribunal Ruling On Times Digital Edition VAT Could Set Key Precedent 13 Jan 2020 Policy, Tax - A tribunal ruled that the digital version of The Times should be eligible for zero-rated VAT. This could save News UK and similar companies millions in tax.