According to HMRC some Nursing and Care Homes are stretching the bounds of belief with their claims for Research & Development (R&D) Relief and is asking claimants to watch out for rogue tax agents.
SME Tax News
Self-employed and employed drivers are entitled to claim tax relief on clean air charges in all UK cities, including the newly expanded Ultra Low Emission Zone charge (ULEZ) in London, provided that they are undertaking qualifying business travel when the charges are incurred.
HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2023.
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In our news from HMRC this week we have another Employer bulletin, and HMRC reports that it is still having technical delays both in sending out Corporation Tax return submission responses and in making its new overlap profits service work properly.
HMRC have released statistics on the number and value of claims for the entertainment industry relating to accounting periods ending in financial years up to March 2022 highlighting a sharp rise High-End Television (HETV) tax relief claims dominated by 'big' productions.
While the silly season* for tax news in the UK sees the Daily Mail flounder for new angles on the injustice of Inheritance Tax, New Zealand has been following the issue of taxing Agriculture for its contribution to it's nation's greenhouse gases.
HMRC have updated users on a new delay when filing a company's CT600. Some taxpayers may be experiencing a delay in receiving the online return submission response.
HMRC have published their Employer Bulletin for August 2023. We have summarised the key content for you, with links to our detailed guidance on the topics covered.
In JTI Acquisitions Company (2011) Limited v HMRC [2023] UKUT 194, the Upper Tribunal (UT) agreed with the First Tier Tribunal (FTT) that whilst the appellant made a commercial acquisition using a group loan, the wider group strategy of securing a UK deduction meant it had an unallowable purpose.
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What's the difference between a Self Assessment return containing a Provisional figure and one containing an Estimate? When did the tax return wording on this change? We wondered too. The answer lies in the guide below, in my Editor's Choice.