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....
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...
The INCREDIBLY INTERESTING History of Income Tax in the UK part 2

The INCREDIBLY INTERESTING History of Income Tax in the UK part 2

It all began in 1582 when Pope Gregory XIII ordered a change of calendar from the Julian (named after Julius Caesar), which had been in use since 42 BC to the Gregorian. The Julian calendar, which consisted of eleven months of 30 or 31 days and a 28-day...
The INCREDIBLY INTERESTING History of Income Tax in the UK (part 1)

The INCREDIBLY INTERESTING History of Income Tax in the UK (part 1)

On 9 January 1799, British Prime Minister William Pitt the Younger introduced a desperate and widely abhorred measure to help cover the cost of his country’s wars with France. As part of his government’s fiscal policy, Pitt introduced a direct tax on his citizen’s...
Autumn Budget 2021 – Budget Brochure

Autumn Budget 2021 – Budget Brochure

Autumn Budget 2021 – Budget Brochure The Chancellors autumn budget was released on Wednesday 27 October 2021. Whilst a lot of the budget was known before the official announcement there was a lot more detail released on the day. It remains to be seen how the country...
New appointment boosts firm’s tax offering

New appointment boosts firm’s tax offering

Pictured: Neil Whittingham and Scott Lees Wigan based accountancy and business advisory firm NR Barton has appointed former top ten tax advisor Scott Lees to head up its tax offering. Scott, a former Tax Manager at Azets (formerly CLB Coopers) in Bolton, specialises...