From 1 April 2021, the rules regarding R&D (research and development) tax credit claims for the SME scheme are changing, which could affect some businesses’ ability to obtain the full amount of tax relief. The new PAYE cap on qualifying R&D expenditure will attempt to tighten up the R&D tax credit system by limiting the […]
COVID vaccination success provides businesses with confidence
The success of the COVID vaccination programme helped to instil confidence within many UK businesses once more. A survey revealed that the number of confident firms is at its highest level since 2018.
Basic Payment Scheme opens for applications following “biggest change to agricultural policy in half a century”
Farming and agricultural businesses can now apply for 2021 payments under the new Basic Payment Scheme (BPS), it has been announced.
Post-Brexit timetable: the key dates you need to know about
While the UK officially left the European Union on 1 January 2021, the planning and preparations do not stop there. Ahead of the new tax year, we look at the key dates and rule changes your business needs to know about. March 2021: the Brexit Recovery Fund opens for applications Launching this week, the Brexit […]
SME Brexit Support Fund goes live
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 […]