The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality.
Autumn Budget 2021
CAP ON SME R&D CLAIMS
From 1st April 2021, the amount of payable R&D tax credits a company can receive through the SME R&D Tax Relief scheme will be capped at 3 x the company’s total Pay As You Earn (PAYE) and National Insurance Contributions
Our All Inclusive Fixed Fees
Are your accountancy fees out of control? Are you worried about Making Tax Digital? Do you find the bookkeeping time consuming? Our new all inclusive service may offer the solution…
Making Tax Digital
Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It will affect how businesses and other organisations; agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC.
Entrepreneurs Relief
Entrepreneurs relief reduces the amount of Capital Gains Tax paid on the disposal of all or part of a business, or shares in a personal company. Qualifying gains are taxable at 10% up to £10 million worth of lifetime gains.