In his mini-Budget, the former Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment. What are the benefits of Tax-Free Investment Zones? These zones will offer several advantages to the […]

Research & Development (R&D) tax reliefs have supported thousands of businesses to invest in innovation by cutting the tax they pay. However, from 1 April 2023, there will be several changes to the rules surrounding R&D, which could affect how much relief you can claim. Expand eligible expenditure to data sets, cloud computing and pure

From 11 October, the interest rates on late tax payments rise again in line with the Bank of England’s (BoE) latest base rate increase. The BoE increased the base rate by 0.5% to 2.25% in September due to inflation. Due to this, the late payment and repayment interest rates applied to tax debts will rise

The Pound Sterling’s fall to close to parity with the dollar means that the cost of investing in UK businesses is lower than ever. In particular, for organisations and individuals based in the United States or otherwise primarily trading in dollars. Simply put, their dollars are now worth more pounds, meaning they get more bang

The UK has seen a boom in the ownership of Furnished Holiday Lets thanks to the increase in staycations. As the summer holidays draw to a close many of us may be considering purchasing a holiday let to boost our income, but there are some very specific tax reliefs to consider when doing so. What

The Government could move to crack down on anyone providing accountancy services who is not professionally qualified. As the law stands there is no requirement for these individuals, who can set up and start advising clients, to have professional qualifications. High profile campaigns A survey by the Association of Accounting Technicians (AAT) and conducted by

There were stunning figures released in a new survey about business start-ups recently. Data from small business lender iwoca showed that 93 new businesses were created every hour. Despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year. Data from Companies House show over 402,000 businesses were

The march of the digital age and the effects of the pandemic have led to a Government institution closing its physical doors. After two years of closure due to the pandemic, Companies House has confirmed that it will permanently close its office in London with all filing being transferred online. It has also permanently shut

Expenses incurred by employees are generally the responsibility of the employer. Quite often, however, employees have to bear the cost themselves when travelling for work, having meals and even providing clothes, which in most cases are not tax deductible. What employment expenses qualify for tax relief in the UK? Work-related travel Having to travel to