R & D clearance consultation

R & D clearance consultation

by | Apr 3, 2025 | Corporation Tax

Following the Spring Statement, HMRC is inviting feedback on the idea of expanding the use of advance clearances for R&D tax reliefs, aiming to reduce errors and fraud, provide businesses with more certainty, and make the overall process smoother for taxpayers....
Group relief for trading losses

Group relief for trading losses

by | Mar 13, 2025 | Corporation Tax

Group relief helps reduce the overall Corporation Tax of a group of companies by allowing them to share losses. For example, if a parent company has profits of £1,000 and its subsidiary has losses of £100, the group is treated as making £900 in...
Tax relief for structures and buildings expenditure

Tax relief for structures and buildings expenditure

by | Feb 27, 2025 | Corporation Tax

Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested in new or renovated commercial structures, you could claim 3% relief annually—saving you money for the next 33 years! The Structures and Buildings Allowances (SBA)...
Could you claim R&D relief?

Could you claim R&D relief?

by | Dec 12, 2024 | Corporation Tax

From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth. Research...
Taxation of double cab pick-ups

Taxation of double cab pick-ups

by | Nov 7, 2024 | Corporation Tax

The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of the recent Budget announcements. This follows a chequered history of the tax treatment of DCPUs after a 2020 Court of Appeal judgment and after the previous government reversed its...