Blog – Page 10 – Sutton Coldfield Accountancy

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...

R&D, R&D tax relief

National Insurance Contributions Top Up

Written by Tony Shackleford on February 13, 2023.

The current rules for eligibility to the basic state pension is that 35 years of National Insurance Contributions are required. To have an entitlement to any state pension, 10 years of National...

National Insurance voluntary contributions, State Basic Pension

National Insurance Contributions

Written by Tony Shackleford on February 13, 2023.

From June 2023 the interest rate on student loans increases from 6.3% to 7.3%.

student loan

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

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