The Government has now launched its £20 million SME Brexit Support Fund – apply today! The SME Brexit Support Fund has been designed to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who […]
Davis Grant calls on businesses to invest in their future through the new super-deduction
Businesses across London, the South East and beyond should evaluate and reassess their future investment plans in light of the tax-saving opportunities offered by the new super-deduction, according to Davis Grant. This new capital allowance scheme, announced in the Budget, is a new form of Corporation Tax relief that could help companies to reduce their […]
Don’t miss Personal Tax allowances before the end of the Financial Year!
There are many tax reliefs available to individuals and some are often overlooked. Here are some ideas you could consider before the end of the tax year on 5 April, so check that you have made the best use of them. Income Tax Inter-spouse transfers – you can maximise capital gains and income tax rates and […]
Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.
Government review of the R&D tax system – A new horizon for funding and relief?
On 3 March 2021, the Chancellor outlined several plans to invest in innovative UK businesses and the research and development (R&D) sector, including by reviewing the existing R&D tax credit system.
Positive post-Covid outlook for UK recruitment sector, according to a new international report
In the last year, the recruitment sector has been fairly volatile, with certain sectors cutting back on hiring, while others, such as the tech industry, have seen demand for new roles increase.
Extension of Stamp Duty Holiday offers landlords last chance to incorporate at a reduced cost
Thousands of property buyers and sellers will be pleased to learn that the Chancellor has not only extended the Stamp Duty Land Tax (SDLT) holiday, but also offered a follow-on temporary change to the threshold to provide support to the sector for longer.
Student loan thresholds to rise from 6 April 2021
At the start of the new tax year in April the thresholds for student loans will increase, which may affect employees that are repaying their academic fees. The threshold for student loan Plan 1 will increase from £19,390 to £19,895 from this date, and employees on Plan 2 will see their student loan threshold rise […]
HMRC updates tax rules and calculations on ultra-low emission vehicles
HM Revenue & Customs (HMRC) has released new guidance that brings changes to the company car benefit calculations, as the Government looks to encourage greater use of ultra-low emission vehicles (ULEV). Under the new rules, if a ULEV has a CO2 emission figure of 1-50g/km, businesses will now need to provide the car’s zero-emission mileage, […]