UHY Ross Brooke Chartered Accountants
R&D tax credit reliefs are intended to be aimed at those businesses in innovative industries extending knowledge or capability in a particular field of science or technology or creating an advanced process, material, device, product or service. However, over the years we have witnessed more and more unregulated firms entering
HMRC has been allocated an additional £73m to focus its tax investigations on high net worth individuals and offshore accounts. While your tax position may stand up to scrutiny from HMRC, the prospect of an investigation is never welcome and can not only take a great deal of time to
Crypto and NFTs. They are new and exciting, but unfortunately that excitement to get moving quickly can lead to some very poor business decisions as we have seen on a number of occasions recently. A prime example is a young individual who sold successfully some NFTs at the peak of
It’s old news that HMRC is showing increasing interest in the crypto arena, shattering the belief of some people that crypto and NFTs are not subject to taxation and are outside the interest of the taxman. But in the latest news, HMRC have reportedly seized 3 NFTs as part of
HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any COVID-19 grant payments on their 2020 to 2021 tax return. These grants are taxable, and you should declare them on your 2020 to 2021 tax return before the deadline on 31 January 2022. The Self Employed Income
HMRC are now taking a much more aggressive approach to R&D tax credit claims and a recent case in point highlighted this. On 16th September 2021, the courts dismissed an appeal in relation to a research and development claim. In summary the appellant had received a repayable credit from HMRC,
Typically, if you have a disagreement with HMRC then you appeal their decision. Note that under the current COVID19 arrangements there is an extended appeal period, and if you need help with an appeal then we’d be happy to assist you. But what if HMRC disagree with your appeal? Well