Many highly innovative and skilful construction businesses are contributing significantly to the UK economy and having access to HMRC’s R&D relief scheme has enabled them to develop and enhance technologies in their field.
R&D in construction: How do recent HMRC developments affect you?
Published on 25th January 2022
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Other than a few technical adjustments, there seems to be no immediate or radical changes to CGT and IHT today however it also does not appear to have completely rejected the idea of an overhaul which still could be seen in the future.
No changes to Inheritance Tax and no radical changes to CGT
Published on 2nd December 2021
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With the use of trusts and proper estate planning, this kind of dispute could be avoided and if structured correctly, you could minimise or avoid paying inheritance tax altogether.
Family Matters: Looking after your family by avoiding a contentious estate: The role of trusts in estate planning
Published on 23rd November 2021
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Welcome announcements included increasing R&D support, extending the higher annual investment allowance limit, reductions in business rates for the high street and increases in the cultural tax reliefs. There were the increases in NI and dividend tax, the new residential property developer tax, the economic crime (AML) levy and the basis period reforms for unincorporated businesses.
Autumn Budget 2021
Published on 28th October 2021
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My perception is the professional bodies have given a wholehearted thumbs down to the proposals and so I would be surprised if the Autumn Statement pushed forward the proposals without modification, or further consultation.
Will the basis period reforms actually happen?
Published on 30th September 2021
