HMRC has confirmed it will raise interest rates on late tax bills by 0.25 percentage points after the Bank of England increased the base rate of interest to 1%. The announcement means the late payment interest rate and corporation tax pay and file rate will increase...
Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. But after rule changes in recent years, and a push by many tax advisers, they are now much more widely understood and used. They may no...
Most businesses rely on funding in one form or another to keep their operations running, invest in new equipment or projects, and grow. The past few years in particular have made it necessary for many businesses to source extra funds, either for dealing with the...
TC Group has a long-established involvement in the not-for-profit sector, working with many charities (including independent schools). Our Charity Newsletter includes the latest guidance and support available for the not-for-profit sector as COVID-19 restrictions come...
Penalties now apply to businesses that make mistakes under new IR35 rules for the private sector. The Government extended the off-payroll working rules reform to the private sector in April 2021, but promised to be lenient on mistakes in the first year. The landing...
We are all somewhat used to living with economic doom and gloom at present, from sky-high inflation rates to tax rises being splashed across the news headlines. But recent analysis from the Office of Budget Responsibility shows that you may also get stung harder after...
