VAT and Making Tax Digital

After the hiatus of the General Election, the Government is pushing ahead with its Making Tax Digital (MTD) plans and has recently revealed that it will publish and consult on draft VAT regulations for MTD in a bid to have the regulations in place by April 2018.

Rise in number of businesses claiming R&D tax credits

New statistics from HM Revenue & Customs (HMRC) suggest that an ever-increasing number of UK small and medium-sized enterprises (SMEs) are taking advantage of Research and Development (R&D) tax credits. According to the tax authority’s data, the total number of claims for R&D tax credits soared to 26,255 during the 2015/16 financial year – indicative Read more…