The government has classed the CBILS and the Bounce Back Loan as ‘Notified State Aid’ (NSA) under the European Commission’s new Temporary Framework for COVID-19. If a company receives CBILS or the Bounce Back Loan, then it will not be possible to claim SME R&D Tax Relief for that project as a company can only be in receipt of one form of NSA on any one project.

The Chancellor has announced unprecedented measures to support businesses, but R&D Tax Relief can be an additional lifeline for businesses. Research and Development (R&D) Tax Relief […]

The UK Government introduced a raft of measures to support businesses in response to COVID-19 including their VAT through HMRC’s Time To Pay service.

The Chancellor, Rishi Sunak, delivered the 2020 Budget yesterday afternoon. Our specialist tax team have summarised of the key announcements for both businesses and individuals.

The Chancellor, Rishi Sunak, delivered the 2020 Budget with a plan to invest in research and development (R&D) and cutting-edge technologies. The government will increase investment […]

From 6 April 2020, there will be significant CGT tax changes that will dramatically affect the tax paid on residential property sales by private UK individuals. […]

Jeffreys Henry LLP has appointed Richard Collier as the new VAT Director. Richard will head up the VAT department to continue to broaden the firm’s service […]

What are HMRC doing? HM Revenue & Customs have launched an investigation into overseas landlords who may be avoiding paying the correct amount of tax. Owners […]

Implementation of IR35 reform to be delayed until April 2021 Due to the current situation surrounding COVID-19, the UK Government has decided to delay the implementation […]

With fewer restrictions, a favourable tax regime, one of the most generous R&D tax relief schemes in the world, and a springboard to the US and […]