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2023 HMRC R&D statistics
HMRC’s Research and Development (R&D) Tax Credits Statistics: September 2023, for the financial year 2021/22, were released on 28 September 2023, presenting detailed information on the provisional estimated amount of R&D tax relief claimed for, across all sectors and regions, during the tax year.
Reactions to the 2023 Autumn Statement
Katharine Arthur, Partner and Head of Private Client, has been noted in multiple national publications, including the FT, IFA Magazine and Accountancy Daily, with her comments on the Chancellor’s Autumn Statement on 22 November 2023.
Autumn Statement 2023: Key new measures affecting the property sector
The Chancellor, Jeremy Hunt, delivered his Autumn Statement this week, promising 110 measures to promote growth to the UK economy. In particular, the property sector faces some welcome changes to boost investment and stimulate growth, including a focus on speeding up planning and the delivery of new infrastructure, and additional support for the residential renting market, small businesses and the high street.
Autumn Statement 2023: Tackling the tax gap
The Government has announced that they intend to raise £5 billion over the next five years, through a package of measures designed to tackle the tax gap – the difference of what should theoretically be paid in tax versus what HMRC actually collects.
Autumn Statement 2023: National Minimum Wage Increase
On 21 November 2023, the Government announced the increase to the National Minimum Wage (NMW) and National Living Wage (NLW) rates that will be effective from 1 April 2024.
Autumn Statement 2023 – 22 November Full Summary
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Please contact a member of […]
Autumn Statement – 22 November Highlights
The Chancellor, Jeremy Hunt, delivered his Autumn Statement this afternoon, promising 110 measures to promote growth. The tax changes include: National Insurance – Employees Class 1 main employee rate to be reduced by 2% to 10% from 6 January 2024 National Insurance – Self-employed: Class 2 National Insurance to be abolished. Entitlements, including to State Pension, […]
Changes to the application process to obtain a certificate of coverage
Following the UK’s exit from the EU, delays were experienced with HMRC issuing continuing certificates of coverage for social security purposes. These certificates related to employees and self-employed individuals who worked temporarily outside of the UK and wanted to remain liable to pay National Insurance (NI) contributions during this time.