Key Tax Changes for the New Tax Year

For any business owner, 6th April is an important date within their diary as it marks the start of the new tax year where new tax rates and thresholds kick in. With a new Health and Social Care Levy to help fund the NHS following the pandemic and further announcements in the Spring Statement, there’s…

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What is R&D?

Research and development is generally well understood as a concept. Yet, it’s somewhat misleading to label the UK’s tax relief scheme as ‘R&D’ tax relief, as many incorrectly think it only applies to research-specific companies. In reality, it’s a tax relief to incentivise innovation by companies in any sector. This common misconception means many believe…

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All you need to know about the tax super-deduction

Taxes and investments are normally at opposite ends of a business balance sheet, however the tax super-deduction is a clever Government incentive aimed at rewarding growing companies. Available since April 1, 2021, the initiative is designed to promote the use of capital allowances, therefore encouraging growth and investment. This is seen as being particularly important…

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