R&D single scheme uncertainty for companies
The government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme.
Patent Box Tax Relief
The Patent Box is a government led scheme which allows companies to reduce corporation tax profits by applying an effective 10% rate on trading profits attributable to certain intellectual property rights. The recent increase in corporation tax rates to 25% could...Do you need to file a Self Assessment tax return?
You have until 31 January 2024 to file your Self Assessment tax return online. This might seem like an age away, but the deadline always comes around much quicker than you would expect.
Employee Ownership Trust
An Employee Ownership Trust (EOT) is a type of employee trust used to encourage shareholders to set up structures such as the John Lewis model which facilitates employee ownership.
Careful planning can reduce or eliminate Inheritance Tax liabilities
Start planning early in order to put financial measures in place to benefit your children later in life, and possibly even your future grandchildren.