HMRC set to reform R&D tax relief system

HMRC set to reform R&D tax relief system

Following a recent review, HMRC have estimated they have lost out on £311m in the last 2 years alone due to fraudulent and incorrect claims. Consequently HMRC have put plans in place to reform the current R&D tax relief system in an attempt to reduce these issues....
Payroll Year End: Are you ready?

Payroll Year End: Are you ready?

Payroll year end is fast approaching and now is the time to act to ensure you have put plans in place to ensure your payroll team are prepared. One of the key things to remember is that you must report to HMRC on the previous tax year by 19 April. At the same time it...
HMRC confirm R&D offset position

HMRC confirm R&D offset position

HMRC’s policy team have issued some good news to businesses with the confirmation that  R&D tax credit repayment claims will not be subject to offset against tax deferred under a coronavirus scheme. This means that if your business has, for example, deferred its...
HMRC write off £4.3bn in Covid payments lost to fraud

HMRC write off £4.3bn in Covid payments lost to fraud

HMRC are expecting to recover £1 of every £4 stolen from the public purse by fraudsters during the pandemic. In figures published last week a total of £4.3 billion has been written off. This represents c74% of the total £5.8 billion that was stolen from its emergency...
NR Barton assists on sale of Lifting Gear UK Group

NR Barton assists on sale of Lifting Gear UK Group

(Pictured left to right: Scott Lees, Hayden Turner, Andrew Harrison, Jasmin Turner, Camilla Turner, Marina Turner, Chris Turner, Andy Stafford, Cathy Rogers.) A local Wigan accounting firm NR Barton, involved with Lifting Gear UK Group since their incorporation, has...
Investing and trading in cryptocurrency; know how to tax it

Investing and trading in cryptocurrency; know how to tax it

HMRC have been keen to ensure that all individuals and businesses are paying the correct levels and amounts of UK tax on their cryptocurrency and other crypto assets. So if this is you, it is vital that you are aware of your tax obligations. Investing and trading in...