Update on audio-visual tax relief regime
[ad_1] Following a consultation and the publication of draft legislation in July 2023, the Autumn Statement confirmed that film, TV and video games tax reliefs will be reformed into refundable expenditure credits. Overview The audio visual expenditure credit (AVEC) will cover the film and TV tax reliefs. The video games expenditure credit (VGEC) will cover […]
HMRC provides update on forthcoming Single Trade Window
[ad_1] The first phase of the service to make border processes simpler will be available for public use in 2024. What is the Single Trade Window? The Single Trade Window (STW) is an upcoming service that will provide a gateway between businesses and UK border processes and systems. It will allow users to meet their […]
Update to meaning of R&D for tax purposes
[ad_1] ICAEW’s Tax Faculty highlights changes to the guidelines and legislation on the meaning of research and development for tax purposes. As announced at the Spring Statement 2022, pure mathematics will qualify as R&D for tax purposes from April 2023. This necessitated an update to the government’s guidelines on the Meaning of research and development […]
Agent Update 104: points of interest
[ad_1] ICAEW’s Tax Faculty highlights key news and reminders for agents including: new option for identity verification; withdrawal of FBI2; crypto gains and losses; and voluntary class 2 national insurance contributions (NIC). Agent Update 104 contains numerous updates for agents. Many have been shared in tax news, but the following should also be noted. HMRC […]
HMRC’s agent update | ICAEW
[ad_1] ICAEW’s Tax Faculty highlights key news and reminders for agents including: new option for identity verification; withdrawal of FBI2; crypto gains and losses; and voluntary class 2 national insurance contributions (NIC). Agent Update 104 contains numerous updates for agents. Many have been shared in tax news, but the following should also be noted. HMRC […]
Agent Update 103: points of interest
[ad_1] ICAEW’s Tax Faculty summarises issues and reminders for agents including: a new agent toolkit; CGT 60-day paper returns; updates to HMRC’s app; tax returns for deceased individuals; webinars; HMRC’s online forms; COVID-19 VAT deferrals; and XBRL tagging of 2022 accounts. HMRC Foreign Income Toolkit HMRC has published a new toolkit to assist agents declaring […]