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Higher earners miss out on £1.3bn in pension tax breaks Over the past five years, hundreds of thousands of higher earners have failed to collect more than £1 billion in pension tax breaks. All [...]

  HMRC state that they have seen an increase in fraudulent claims for Research & Development (R&D) tax relief. They believe companies in certain sectors are being deliberately [...]

We would like to remind you that new penalties apply if you’re late filing a VAT return or paying your VAT bill. How the interest applies to late VAT payments and late repayments has also [...]

IN ALL THINGS TAX, TIME IS OF THE ESSENCE. As we approach the end of the tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and [...]

If you have unpaid National Insurance contributions between 2006 and 2017, you have until April 5, 2023, to maximise your state pension. On 6 April the number of extra years available to purchase [...]

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy. The development of new ideas, processes and technologies and their [...]

If a taxpayer is unable to pay their tax bill on time, they can work with HMRC to set up a time-to-pay arrangement. For self-assessment (SA), setting up a time-to-pay arrangement online has been [...]

We have recently become aware of a fraudulent tax refund being claimed on behalf of a client, with the money being paid to a third party. Some firms will offer to obtain a tax refund for you. [...]

With ever increasing supplier prices, a recent rise in interest rates, and a looming recession, managing your business’s cash and understanding the flow are now vital tools in maintaining [...]

Due to the fact that HMRC interest rates are based on the Bank of England base rate, the decision to raise the base rate from 3.5% to 4% on 2 February 2023, has resulted in an additional increase [...]