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new recovery loan fund launched

Charities and social enterprises that have been operating for a minimum of two years can now apply for loans worth up to £1.5 million from Social Investment Business (SIB). Eligible organisations can apply for loans of £100,000 to £1.5 million […]

TORCH

TORCH is a business advisory service designed to speed up data-driven innovation and change, whilst encouraging collaborations between businesses. It enables clients who have developed a data strategy to overcome the challenges of starting new data projects. This service allows […]

Innovate UK Smart Grants: Autumn 2021

Smart is Innovate UK’s ‘open grant funding’ programme. It provides an opportunity for UK registered organisations to apply for a share of up to £25 million to deliver disruptive research and development (R&D) innovations that can significantly impact the UK […]

R&D Tax Credit quote calculator

Complete the R&D Tax Credit calculator and you will understand how much of your qualifying R&D expenditure you could get back from HMRC by way of a R&D Tax Credit. And we will provide you with an estimate of the […]

Maxing Tax Digital delayed until 2024

In recognition of the challenges to many businesses due to the pandemic, the government has delayed the introduction of Making Tax Digital (MTD) for income tax self-assessment (ITSA) by a further year.   MTD will not be mandatory for self-employed individuals and landlords until accounting periods commencing on or after 6 April 2024. The start […]

Autumn budget: business taxes

Overall the UK autumn budget is uneventful and some of the announcements outlined below will not impact Scottish businesses. We look forward to the Scottish budget on the 9 of December and will be sharing announcements that will have a […]

autumn budget: personal taxation and investments

income tax For 2022/23 to 2025/26, the personal allowance will remain at £12,570 and the higher rate threshold at £50,270, as previously announced. In Scotland, the higher rate threshold for non-savings, non-dividend income will be announced in the Scottish Budget […]

autumn budget overview & highlights

The first autumn Budget for three years was a three-part presentation. The Chancellor’s well-trailed speech was accompanied by the first multi-year Spending Review since 2015 and the latest Economic and Fiscal Outlook (EFO) from the Office for Budget Responsibility (OBR). […]

MTD for income tax postponed to 2024/25

Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year later than planned, in the tax year beginning in April […]

capital allowances on plant in residential property

The capital allowance legislation specifically denies tax relief for plant and machinery installed in a dwelling house. However, plant and machinery installed in the common areas of blocks of flats such as hallways, stairs and lift shafts would qualify as […]

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