Blog – Page 2 – Sutton Coldfield Accountancy

HMRC Disallows R&D Tax Relief Claims

Written by Tony Shackleford on November 15, 2024.

HMRC have announced that they are currently disallowing approximately 2/3rds of R&D tax relief claims. I believe the phrase ‘better late than never’ may be appropriate.

R&D, R&D tax relief

Taxation of Company Vehicles

Written by Tony Shackleford on November 12, 2024.

Benefit in kind tax is charged on cars supplied to employees by employers. Tax is calculated by mulitplying the list price of cars by a percentage, which is dependent upon the CO2 emissions of the...

Budget, budget 2024, car benefit, Electric cars, electric cars tax, fuel benefit, taxation of electric cars, van benefit

Government to Recruit Staff for HMRC

Written by Tony Shackleford on November 1, 2024.

The government has announced that £1.6bn is to be spent on recruiting an additional 7,000 staff into HMRC. This move seems sensible, as HMRC is currently so under resourced, that it is struggling to...

HMRC, HMRC Staffing, HMRCF Staff

Double Cab Pick Up Tax Change Again

Written by Tony Shackleford on November 1, 2024.

As part of the budget process, the government has announced that double cab pickups are going to be taxed as cars, for the purposes of corporation tax and income tax (benefits in kind). Although for...

coca cola case, Double cab pick up, tax on double cab pickups

HMRC Call Centres

Written by Tony Shackleford on October 28, 2024.

A recently produced statistic reported that 426,000 telephone call to HMRC were unanswered in the month of August 2024. A clear indication of the poor performance of the body which is responsible for...

HMRC, HMRC Call Centres, HMRC Telphone Lines

Companies House Directors Verification

Written by Tony Shackleford on October 18, 2024.

Companies House have announce that a new system for verifyin directors is to be introduced in 2025. The system is designed to reduce fraud and will require directors identieid to be verified annual...

Companies House, Directors fraud, Verification of directors

Government Announcement Relating Employment Rights

Written by Tony Shackleford on October 9, 2024.

The Government is due to make a formal announcement later this week concerning the changes which will be made in respect of employemnt rights. Three of the principal changes expected are: a) Full employment...

employment rights, HR

State Pension Boost For Carers

Written by Tony Shackleford on September 23, 2024.

Due to administrative issues with in HMRC, people who undertook caring for children or sick and disabled people may be losing out on state pension entitlement. HMRC has announced that such individuals...

NIC credits, state pension

VAT On School Fees

Written by Tony Shackleford on September 3, 2024.

The Government has confirmed the introduction of VAT on private school fees. VAT will be applicable on school fees, including boarding costs, from 1 January 2025. In addition, any fees paid in advance...

School fees, Vat, VAT on school fees

Making Tax Digital Update

Written by Tony Shackleford on August 14, 2024.

Under the Making Tax Digital (MTD) rules, certain ‘businesses’ will be required to record business transactions on software and submit quarterly returns of financial data to HMRC. Currenbtly...

Jointly owned property, Making Tax digital, MTD, mtd and rental income, MTD Jointly Owned Property

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