Budget 2021
A summary of the headlines from Budget 2021.
Residual tax and the loan charge
Richard Coombs considers HMRC’s updated guidance on collecting any residual tax due as a result of the loan charge.
Government publishes review of R & D tax relief regime
Government review of R& D tax relief indicates that the relief does promote R & D spending but that 51% of companies have never heard of it. Richard Coombs takes a look at the findings.
Professionally qualified tax advisers
The importance of using professionally qualified tax advisers is recognised by the government and it may become a legal requirement for all advisers giving tax advice on a commercial basis to be a member of a professional body. Rest assured Bates Weston’s tax team are members of the CIOT and ICAEW.
Disguised Remuneration : independent loan charge review
The legislative changes brought about by the independent review into the controversial loan charge received Royal Assent on 22 July and are therefore now law.