Research and development (R&D) and patent expenditure are treated generously for tax purposes. The...
Welcome to your March newsletter. In this issue, we look at how a skills...
The economic backdrop to Chancellor George Osborne’s fifth Budget statement was decidedly more positive...
Looking Back The UK economy gained momentum throughout 2013 with Gross Domestic Product...
Real time information Almost all employers should now be using real time information (RTI). This generally requires payroll information to be provided to HMRC ‘on or before’ payment to the employee. In most cases, the payroll software does this automatically. RTI integrates with the new universal credit which is being introduced over several years. National … Continued
Welcome to your February newsletter. In this issue, we look at how businesses feel going into 2014. We consider Pensions Minister Steve Webb’s controversial plans for annuity reform. HMRC has revealed its forecast for how much the Employment Allowance will save employers when it comes into effect in April 2014; we examine the details. And … Continued
We look at the intricacies of the rules around mobile phones and loans to employees. Employers may provide many benefits to employees in addition to their salary or wages. Some of these benefits can be tax-effective, in that the employer or employee (or both) may save tax by providing a benefit rather than cash. … Continued