HMRC prompts companies to review AIA claims
[ad_1] HMRC has written to companies that may need to share their AIA with fellow group members and related companies. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an […]
New nomination section for some tax relief claims
[ad_1] The print and post claims for employment expenses and marriage allowance include a new nomination section from 26 February 2024. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as […]
Guidance for making R&D claims released
[ad_1] As HMRC issues its guidelines for compliance on what qualifies as R&D for tax purposes, ICAEW also reminds its members of the PCRT guidance relating to R&D tax services. The publication of HMRC’s latest guideline highlights the importance of correctly identifying whether a research and development (R&D) claim meets the necessary conditions to qualify […]
HMRC guidance on handling R&D tax relief claims
[ad_1] New guidance in HMRC’s corporate intangibles research and development (CIRD) manual focuses on procedures for companies with customer relationship managers but includes some points of wider interest that would also apply to smaller companies. The new guidance in HMRC’s corporate intangibles research and development (CIRD) manual can be found as an update to CIRD80370. […]
Half of all R&D claims by SMEs at least partly non-compliant
[ad_1] In a report published alongside its annual report and accounts for 2022-23, HMRC also noted the smallest claims had the highest value of non-compliance and confirmed compliance behaviour varied according to industry sector. HMRC’s paper highlights the significant rise in the number and value of claims for R&D tax relief and credits in recent […]
Working from home tax relief claims for 2022/23
[ad_1] ICAEW’s Tax Faculty highlights that employees should check whether they are eligible to make a claim. Two relaxations were introduced as a result of the COVID-19 pandemic lockdowns to allow millions of employees to claim tax relief for the costs of working from home during the 2020/21 and 2021/22 tax years. These were: the […]