Mind the (tax) gap!

The estimated tax gap for the 2020/21 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year, according to the latest data from HMRC. The annual “Measuring Tax Gaps” publication estimates the difference between the total amount of tax expected to be paid and the total amount […]
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R&D tax credits

Unlocking R&D tax credits

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation, and can be a valuable cash injection to help propel the business forwards, with £7.4bn being claimed by UK firms in 2020. The relief supports companies that work on innovative projects in science and technology, and […]
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HMRC Scam

HMRC tax scam warning

HMRC has warned taxpayers to avoid sharing their personal information online in order to prevent their identities being used to claim self assessment refunds. According to HMRC, criminals are attempting to obtain taxpayers’ Government Gateway log in details to register for income tax self assessment and submit bogus tax refund claims. Taxpayers are reportedly being […]
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