Businesses claim £3.7bn in R

Companies working on innovative projects received almost £3.7 billion in Government support for the 2015/16 tax year, HMRC statistics show. In total, 43,040 companies in the UK claimed research and development (R&D) tax credits in 2015/16 - up 22% on the previous...

Chancellor confirms 2018 Budget date

Budget 2018 will take place on Monday 29 October, Chancellor Philip Hammond has confirmed. In a post on Twitter, Hammond said he would set out a plan that would support public services and build a "stronger, more prosperous economy". Many will be looking to the Budget...

Using trusts for the benefit of others

Nobody likes giving more money to the taxman than they have to, especially when it comes to passing on hard-earned wealth to the people or causes that are close to your heart. For that reason, placing your assets into trusts can be a tax-efficient way of minimising...

How to register for self-assessment

According to HMRC, more than 10 million self-assessment tax returns were completed in 2016/17 - a figure which looks set to rise as levels of self-employment continue to increase. If you registered as self-employed in 2017/18 or need to submit a tax return for the...

Savers warned to plan for a longer retirement

Pension savers will need to plan for a longer retirement, as the population of over-90s in the UK continues to grow. Data from the Office for National Statistics shows the number of people aged 90 and over increased to 579,776 in 2017 - a year-on-year rise of 8,531....