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Filtered By Category: Taxation

Mar 1 2019

HMRC Delay Issuing Self Assessment Penalty Notices

Categories: Personal TaxTaxation

More than 11.5 million taxpayers were required to file their Self Assessment Tax Return by midnight on 31 January, and according to HMRC, a record 93.68% submitted on time. However, there were still 731,186 taxpayers who missed the deadline. As part of EU Exit contingency planning, HMRC have decided to make a change to the more

Feb 21 2019

Innovation from HMRC: R&D tax credit online service

Categories: Taxation

On 11 February 2019, HMRC launched a simplified, digital approach for SMEs to submit Research and Development (R&D) Tax Credit claims. The new online template clearly details the information needed to support the claim which is then sent to HMRC in a standardised format, thereby making it easier for some companies to claim and HMRC to more

Feb 14 2019

Research & Development Claim Settled!

Categories: Taxation

Our team recently completed two Research & Development (R&D) claims for a client in the renewable energy sector based in the East of Scotland, resulting in a client saving of £40,854! Our client has been developing new technology in the use of biomass and its application to efficient heating of greenhouses. Our client has been trialling more

Jan 31 2019

Research & Development Claim Settled!

Categories: Taxation

Our team recently completed a Research & Development (R&D) claim for an agricultural client in the East of Scotland, resulting in a client saving of £54,595! Our client specialises in growing fruit and vegetables and is involved in ground breaking research into extending growing seasons for various crops. In addition, improvements to crop quality and new more

Jan 17 2019

Research & Development Claim Settled!

Categories: Taxation

Our team recently completed two Research & Development (R&D) claims for an architects practice in Scotland, resulting in a client saving of £27,501! During the 16 month R&D claim period, the company undertook some ground breaking design work relating to infrastructure projects in the UK to create some highly innovative solutions. The detailed design work more

Jan 16 2019

Self assessment deadline approaching

Categories: Taxation

The deadline for submitting your 2017/18 self assessment tax return is 31 January 2019. This is the same deadline for payment of any balancing tax payments for 2017/18 (including income tax, Class 2 and Class 4 NIC, capital gains tax and High Income Child Benefit Charge), together with first payments on account (POA) for 2018/19. more