31 January 2022

HMRC tackle SME R&D Tax Relief abuse

HMRC has released its review of R&D tax relief (also known as R&D tax credit), alongside details that confirm extra measures that will be put in place to end the abuse of R&D tax relief. Recent data suggests a loss of over £300 million due to fraud and error in R&D claims. In such cases, companies had claimed cash through the payable tax credit, despite having no R&D activity. Moreover, HMRC have also identified structures that had been set up with the intention to claim the payable tax credit, despite there being little employment or activity in the UK.
13 July 2021

Tax Planning for Higher Rate Taxpayers earning over £100,000

Tax planning for high earners and those earning over £100,000. From contributing to pensions to investing in startups, here are some top tax tips to follow.