Government consults on options to reform tax administration
[ad_1] The government has published a call for evidence on HMRC’s enquiry and assessment powers, penalties, and safeguards. 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 activity to […]
UK international tax reform on the horizon?
[ad_1] There is broad support for measures to reform the transfer pricing, permanent establishment and diverted profits tax rules. 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 activity […]
Basis period reform: How to deal with estimated figures
[ad_1] The fiscal year basis of taxation, applying from 2024/25, could mean unincorporated businesses that are unable to have an accounting date that matches the tax year will have to use estimated figures in their tax returns. How will this work and what are the penalty implications? The basis period reform transition year of 2023/24 […]
House of Lords reports on R&D reform
[ad_1] The Economic Affairs Finance Bill Sub-Committee report on draft clauses in the Finance Bill 2022–23 focused on the reforms to research and development (R&D) tax relief that apply from 1 April. These include changes to the definition qualifying R&D expenditure and administrative provisions for making claims. The Economic Affairs Finance Bill Sub-Committee has welcomed […]