Author: Tony Shackleford

Why Is The Government Changing The R&D Tax Relief Scheme

Written by Tony Shackleford on February 6, 2023.

The following is a quote from the UK government, which spells out why the UK R&D tax relief scheme needs to be changed. ‘The UK has one of the most generous R&D tax relief systems in...

R&D, R&D tax relief

VAT On Marshmallows

Written by Tony Shackleford on January 30, 2023.

The starting point for VAT is that sales are subject to standard rated VAT (currently 20%). However sales of food are zero rated , but sales of biscuits and confectionery are standard rated. A...

Vat

IR35 Cases

Written by Tony Shackleford on January 30, 2023.

Recently there have been several high profile IR35 tax appeals / cases featuring Sky personalities. The facts relating to the cases have been similar but the tribunals decisions have been...

IR35

Making Tax Digital For Income Tax Delayed

Written by Tony Shackleford on January 6, 2023.

The government announced that Making Tax Digital (MTD) for income tax is to be delayed from April 2024 until April 2026. MTD requires the self employed and landlords to maintain accounting records...

Making Tax digital, MTD

Autumn Statement 2022

Written by Tony Shackleford on November 17, 2022.

The Chancellor’s Autumn Statement included the following measures: The starting point for the top rate of Income Tax of 45% will be reduced from £150,000 to £125,140. The exempt band for...

Autumn Statement

UK Government Mini Budget

Written by Tony Shackleford on September 23, 2022.

The principal proposals announced by the Chancellor in his recent mini budget are as follows: Both employers and employees National Insurance rates will reduce by 1.25% from 6 November 2022. This...

IR35, Mini budget

Chancellors Mini Budget

Written by Tony Shackleford on September 22, 2022.

In today’s announcement by the Chancellor, the increase in NIC rates, which came into effect on 6 April 2022, is going to be cancelled from 6 November 2022 Additionally the increase of 1.25%...

Mini budget, NIC

Use of Home As Office Tax Relief

Written by Tony Shackleford on September 22, 2022.

HMRC guidance currently allows those working full time from home to claim tax relief as follows: Those in employment at the rate of £4 per week. This works out at £208 per year and provides tax...

use of home

Making Tax Digital – An Overview Of Where We Are

Written by Tony Shackleford on September 22, 2022.

Making Tax Digital (MTD) requires those businesses caught by the MTD rules to record their business transactions on compliant software and to submit quarterly returns to HMRC direct from the...

income tax, Making Tax digital, Making tax digital for income tax, MTD

R&D Tax Relief Changes

Written by Tony Shackleford on June 6, 2022.

The environment surrounding R&D tax relief claims has been changing significantly over the last year and will continue to change significantly. There are 2 conflicting goals, which the...

R&D, R&D tax relief

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Author: Tony Shackleford