Q: What is the Patent Box regime and what are the benefits for businesses in the 2024/25 tax year? A: The Patent Box regime allows UK companies to pay a reduced corporation tax rate on profits earned from patented inventions. In… Read more
Do you own or work for a business that needs to register for VAT? If so, you might find it of interest to learn that there’s a new digital tool available to use online. Launched by HMRC, the VAT Registration Estimator can… Read more
We regularly remind our self-employed clients of their obligations for filing to HMRC and the deadlines for sending in their Self-Assessment Tax Return, not least because of the significant penalties they can incur for failing to do so. And there… Read more
Will one of the tax-raising measures many expect to see at the next Budget surround pensions and IHT? It may do, if the Government follows the recommendations of The Institute for Fiscal Studies. One of the IFS’ latest suggestions revolves… Read more
The time for debate and conjecture is now over. The General Election was settled on 4 July and we now know we have a new Labour Government, giving us a more solid picture of what tax is likely to look… Read more
