Tax Relief: Newly merged R&D scheme

Tax Relief: Newly merged R&D scheme

Are you aware of the newly merged R&D (Research and Development) relief scheme? Well, following on from last year’s Autumn Budget, the scheme has now come into effect, implemented for accounting periods beginning after 1st April 2024. It has presented...
Self Assessment threshold updated for 2023/24

Self Assessment threshold updated for 2023/24

If you are usually required to submit a Self Assessment tax return, then we may have some exciting news for you… HMRC has announced that from this tax year (2023/24) onwards, the Self Assessment threshold for PAYE taxpayers will increase, reducing the administrative...
R&D relief updates for SMEs

R&D relief updates for SMEs

You may recall that in November’s Autumn Statement, Jeremy Hunt promised to return with a more robust R&D tax credit scheme for smaller research-intensive companies. Well, in the Spring Budget earlier this month, updates to Research and Development (R&D)...