Month: March 2023

Budget March 23 Summary

Written by Tony Shackleford on March 21, 2023.

The main measures notified in the 2023 budget by the Chancellor were: a) The removal of the lifetime allowance charge for pension savings. Prior to this measure, if an individual had pension savings...

Budget, Lifetime allowance, Pension savings, Pensions Allowance

Self Assessment Return Update

Written by Tony Shackleford on March 9, 2023.

For the 2021/22 tax year, there were approximately 12 million individuals who were required to submit self-assessment tax returns. The deadline for filing the returns is the 31 January. On 31 January...

Self assessment deadline

Bounce Back Loan Fraud

Written by Tony Shackleford on March 9, 2023.

There seem to be an increasing number of cases going to courts relating to prosecusion of directors for bounce back loan fraud. Typically the facts relating to the cases are as follows: a) In the bounce...

bounce back loan, Covid fraud

R&D Tax Relief – HMRC Investigations

Written by Tony Shackleford on March 3, 2023.

HMRC have issued in excess of 2,000 letters to companies who have previously claimed R&D tax relief. The letters advise the company’s to review their R&D claims as HMRC believe they have...

R&D, R&D tax relief

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Month: March 2023

Budget March 23 Summary

Self Assessment Return Update

Bounce Back Loan Fraud

R&D Tax Relief – HMRC Investigations