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R&D tax savings

By Becky Bowness

5th May 2022

Don’t miss out on R&D tax savings

Research & Development (R&D) tax relief is one of the most generous corporate tax reliefs offered by the UK Government, but many businesses miss out as they wrongly believe they are not eligible to apply.

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Energy saving tax - spring statement

By Armstrong Watson

3rd May 2022

0% VAT for installation of energy saving technology

The Chancellor announced in the Spring Budget that the VAT rate applicable to the installation of energy saving materials and technologies will be reduced to 0%, from 1st April 2022 until 31st March 2027.

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Register trust The Trust Registration Service

By Armstrong Watson

1st April 2022

New Trust Requirements – Should my trust be registered with HMRC?

The Fifth EU Money Laundering Directive, commonly known as 5MLD, which took effect for trusts from 6 October 2020, then extended this requirement to now apply to the vast majority of trusts (even non-taxable trusts), unless specifically excluded.  

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Agriculture spring statement 2022

By Andrew Robinson

24th March 2022

Spring Statement 2022 - Farming and Agriculture

Whilst the Chancellor’s measures are all welcome, they are just a drop in the ocean compared to the massive increase in input costs faced by farmers in recent months.

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Leeds businesses spring statement

By James Fraser

23rd March 2022

Spring Statement 2022 - Businesses

Whilst the support for Business was less apparent during Rishi Sunak’s Spring Statement, the focus was on consultation over the summer with a view to cutting taxes and encouraging investment for business in the Autumn.

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Cost of living for families spring statement

By Graham Poles

23rd March 2022

Spring Statement 2022 - Individuals and Families

The Chancellor confirmed that from 6th July he will raise the NIC threshold for employees and the self-employed, so that it matches the £12,570 income tax personal allowance, which will help many taxpayers who are currently facing a cost-of-living squeeze.

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spring statement

By Becky Bowness

23rd March 2022

Spring Statement 2022 Overview - Capital, People, Ideas

As Rishi Sunak opened his Spring Statement his focus was understandably on the war in Ukraine and the devastating humanitarian impact.

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Spring statement HM Treasury

By Becky Bowness

21st March 2022

Spring Statement 2022 – Out of Covid and into a Cost-of-Living Crisis

It has been reported in the Financial Times that the Chancellor is preparing to face pressure from the PM to offer new help to households while balancing the fears that inflation could rise to 7% in May.

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By Armstrong Watson

11th March 2022

Delay to New HMRC VAT Penalty Charges

This new regime is designed to be proportionate, penalising businesses who persistently miss their submission obligations, rather than those who make occasional mistakes. This is good news for businesses who make occasional late returns or payments, as the penalties in these circumstances will be relatively small.

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Agriculture land tax

By Armstrong Watson

11th February 2022

New environmental schemes – are you still a farmer?

Farmers and landowners are currently being bombarded with ideas of how they can manage their land differently to produce environmental benefit. For farmers who have been brought up to believe that their role was to produce food, this is not an easy transition. Here I look at the possible tax consequences from signing up to these schemes…

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