The rules regarding R&D tax credit claims for the SME scheme are changing from April 2021 and it could affect the ability of many small tech businesses to obtain this important tax relief.
HMRC’s amended guidance on late furlough claims
On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims past the deadline.
Businesses urged to file annual accounts early and “go paperless” to avoid Covid-19 disruption
Companies House has urged businesses to file their annual accounts earlier than usual to avoid “last-minute” disruption caused by the coronavirus.
Data protection and Brexit: what you need to know
Small and medium-sized enterprises (SMEs) will have to take extra precautions when using personal data after the Brexit transition period comes to an end, a major regulator has warned. The guidance, published by the Government and Information Commissioner’s Office (ICO), comes as the UK prepares to officially leave the EU on 31 December 2020. To […]
HMRC to investigate Eat Out to Help Out scheme claimants
Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced.
Daily penalties waived for Self-Assessment late filing
HM Revenue & Customs (HMRC) has confirmed that it will not charge the usual daily penalties for late filing of 2018-19 Self-Assessment tax returns, which were due by 31 January 2020. HMRC says the move is in response to the Coronavirus pandemic and the challenging circumstances taxpayers have faced in recent months. The daily penalties […]