The Chartered Institute of Taxation (CIOT) is warning that HMRC’s efforts to tackle abuse of the R&D tax relief system are resulting in them rejecting legitimate claims and stone-walling others. In a letter to HMRC, the CIOT wrote that the…

Tax specialists at the Low Incomes Tax Reform Group (LITRG) have warned taxpayers who use third-party companies to claim tax refunds from HMRC to do so cautiously. Although taxpayers can apply for a refund directly from the Government, some prefer…

The Government is running a call for evidence on how to simplify and widen accessibility to employee share schemes. The Treasury is inviting comments on ‘save as you earn’ (SAYE), the company share option plan (CSOP) and the share incentive…

HMRC has revealed that the self-assessment threshold for PAYE taxpayers will increase from £100,000 to £150,000 for the 2023/24 tax year. Currently, individuals taxed through PAYE only are legally required to file a self-assessment tax return if they make more…

The self-assessment telephone helpline has been closed by HMRC for the entirety of summer. Taxpayers hoping to contact HMRC for help with their self-assessment will now have to use digital services until 4 September 2023. During this time, HMRC says…

Stand out from the crowd… According to data from Companies House, 222,068 new companies were set up in the UK within the first 12 weeks of 2023, a year-on-year rise of 8.2%. The question remains: “how unique are these businesses?”…

We’ve over halfway through 2023, so now is the opportune moment to review your business and progress for the year. Chances are, it’s been a tough year so far: in the 12 months to May 2023, the consumer prices index…

This week THE Duchess of Edinburgh visited Charfleet Book Bindery, a long-established and respected bookbinding company on Canvey. Sophie, the wife of Prince Edward, visited the Charfleet Book Bindery this afternoon for a tour of the new bindery workshop. Simon…

Friday 30th of June, the Barrons team dug deep into their wardrobes to find their happy shirts, in support of Chris Phillips’ who is raise money for SECE, Mind the BEAB team. All shirts were welcome… favourite sports team, best concert…

The Institute of Chartered Accountants for England and Wales (ICAEW) is urging HMRC to rethink the quarterly reporting model for Making Tax Digital for income tax self-assessment (MTD for ITSA). In a letter to HMRC, the representative body is asking…