The deadline for registering for Self-Assessment is 05 October 2023 (for 2022/23 tax year with tax returns due by 31 January 2024). Individuals must complete and send a tax return if, in 2022/23: – You had self-employed income above £1,000, or– You… Read more
Research and Development (R&D) is a Corporation Tax relief that is a Government support to some UK companies working on innovative projects in science and technology. There are currently two R&D schemes: – For large companies, Research and Development Expenditure… Read more
An initialism that will soon fall smoothly from our tongues is IZENR, HMRC’s description of Investment Zone Employer NICs Relief. This applies in payroll systems from April 2024 and introduces 4 new category letters. The now infamous 23 September 2023 Growth Plan introduced… Read more
On 16 August 2023, the bi-monthly Employer Bulletin was published by HMRC. Employers and agents recognise the importance of the information contained in this and frequently register to get notification of publication. This is admirable, as the Bulletin contained some useful information… Read more
Only last month we reported that HMRC had expanded its Agent Account Manager (AAM) team and remit. From 10 July 2023, providing an agent is registered, the expanded remit allows them to look at POSTAL queries outstanding for 12 months or more.This was… Read more