Knowledge test

There may be times when the UK interest expense of a UK company or group increases to above £2m and therefore, as a result, the CIR rules should be considered….

Whilst Advance Assurance is not a prerequisite for an R&D tax relief claim, if the application is accepted by HMRC, it does guarantee that the claim will be accepted by…

In October 2023, HMRC published guidance in the form of a checklist of steps that it expects a company to take before claiming R&D tax relief. No guarantee is given…

One method of migration is for an existing holding company or company to cease to be tax resident in one country and become tax resident in another. A UK incorporated…

From 1 April 2023, the rate of Corporation Tax (CT) increased from 19% to 25%. However, the lower rate of 19% can still apply, dependent on the level of “augmented profits”…

It has now been over 2 years since PIVA was introduced as a business-facilitation measure to help businesses cope with what otherwise could be significant cashflow problems when importing goods…

For accounting periods beginning from 1st April 2023, companies must inform HMRC of their intention to submit an R&D claim no later than six months after the end of the…

The deferred element of the consideration may be quantified at a later date, typically using a formula based on two to three years’ post-acquisition revenue or profits. These arrangements are…

Currently, there are two R&D tax relief schemes in the U.K.; one for small and medium-sized enterprises (enterprises having a headcount of fewer than 500 employees and with either a…