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All news by: Matthew Grief

CHANGES TO R&D TAX CREDIT CLAIMS FROM 1 APRIL 2023

Changes to the research and development (R&D) tax credits regime will see new requirements which mean that all future applications will need to be submitted online and applicants will need to pre-register claims regardless of the size of the business. 

Plastic Packaging Tax: what do you need to know?

From 1 April 2022, the UK government introduced a new Plastic Packaging Tax (PPT) at a rate of £200 per metric tonne to incentivise businesses to increase their use of recycled plastic and combat the level of single use plastic heading towards landfill or incineration.

Tax changes on second homes and holiday lets

From April 2023, second homeowners will be required to provide proof that their property is an operating holiday let to qualify for small business rates relief.  

Extended HMRC deadline for self assessment tax payers

For those struggling from the pressures of Covid-19, HMRC has announced that it will be extending the deadline for Self Assessment taxpayers for one month.  

Information about the 5th Self Employment Income Support Scheme grant now available

You can claim the 5th SEISS grant if you are self-employed and if you think that your business profit will be impacted by coronavirus (COVID-19) between 1 May 2021 and 30 September 2021.

Benefits in Kind - Electric Cars

All zero emission cars (i.e. fully electric) will have no Benefit in Kind (BIK) for 2020-2021.

Moore East Midlands launches new Probate Service

Chartered Accountants Moore East Midlands, which has offices in Peterborough, Corby and Northampton has launched a new Probate Service to complement their existing Trusts and Estates and Inheritance Tax planning services.

Understand the tax rules around Furnished Holiday Lettings

Our latest factsheet shows the benefits and what criteria you need to qualify as an FHL.

Changes To Capital Allowances From April 2021

The Capital Allowances Act has now been amended to extend the 100% first year allowances for zero-emission cars, zero-emission goods vehicles, and equipment for gas refuelling stations by four years, until 31 March 2025.

Changes To Late Filing Penalty For 2019-20 Self Assessment Returns

HMRC have today announced that Self-Assessment customers will not receive an automatic penalty for filing their 2019-20 tax return late, provided it’s filed online by 28‌‌ ‌February 2021. 

COVID-19: Company cars and lockdown

As we enter another week of coronavirus lockdown HMRC have confirmed that company car drivers must still suffer a Benefit-in-Kind tax charge where they have access to private use of their vehicles.   We look at the implications for company car drivers. 

COVID-19: Self-employment Income Support Scheme eligibility checker now live

The self-employed can now check their eligibility for the Self-Employment Income Support Scheme (SEISS). 

Working from home: what Directors can claim for

We look at the rules around what the Directors of owner managed businesses can claim for when their employees are working from home. 

COVID-19: What you can claim when working from home

The working from rules are not new but are certainly more relevant than ever as larger numbers of employees are required to work from home due to the COVID-19 pandemic.   

HMRC announces review of 2016/17 tax returns

HMRC have announced a review of 2016/17 tax returns. 

Dividend allowance - use it or lose it!

If you have not already taken a dividend from your company during the 2017/2018 tax year please be aware that to benefit from the £5,000 dividend allowance (0% tax rate) a dividend needs to be taken on or before 5 April 2018. 

Making Tax Digital - changes announced in the Spring Budget

In the Spring Budget 2017 the Chancellor Philip Hammond announced that the plans for the introduction of Making Tax Digital have been relaxed as a result of concerns raised to HMRC during the consultation period. 

Vehicle excise duty changes 2017

Thinking of changing your car? Be aware of new road tax changes from 1 April 2017 which could see you paying more in tax. 

Digital Tax Returns - what will the changes mean for you?

You’ve probably seen the headlines such as ‘the end of the Tax Return’ and heard the Government talk about ‘reducing the burden’ for tax payers by building a ‘transparent and accessible tax system for the digital age’, but you may not be aware of what the changes will mean for you. Senior Tax Adviser Matthew Grief from the Moore Peterborough office explains what impact the proposed changes will have on the tax payer.