Entrepreneurs relief changes expected in Spring budget
As widely published there are expected to be changes to the well known capital gains tax relief known as entrepreneurs relief. Designed to incentive the entrepreneurial spirit by allowing a 10% tax on gains accumulated on the sale of qualifying shares and activities...
R&D tax credits: Claims to be limited from April 2020
Why HMRC elected to bring back PAYE/NIC cap for R&D tax credits and what does this mean for your claim? As things stand, R&D tax credits are available to loss making companies with relevant qualifying expenditure at a rate of 14.5%. This means that small and...
Tax Planning: Annual Investment Allowance set to reduce
The annual investment allowance (AIA) is a capital allowance which allows a 100% tax deduction for qualifying expenditure (most expenditure which qualifies for capital allowances) incurred in an accounting period. This relief is normally capped at £200,000 per annum...
Changes to off-payroll working rules (IR35)
There are some important changes to employment taxes coming into effect from 6 April 2020. Are you affected? You are affected by the changes to the off-payroll working rules (IR35) if: You are a contractor who works through an intermediary, e.g. your own limited...