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A new analysis of HMRC data has found that UK SMEs are failing to claim up to £47 billion in Research and Development (R&D) tax relief. While 36% of small and medium-sized enterprises across the country engage in innovative activities, fewer than 6% of them actually submit R&D tax claims. This leaves potentially 38,000 businesses […]
Article content The result compared with a deficit of $23.6 billion for the same period a year earlier. According to the Finance Department’s monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories. Program expenses excluding net actuarial losses amounted […]
HMRC has announced a reduction in the interest charged on overdue tax payments, following the Bank of England’s recent decision to cut the base rate from 4.75% to 4.5%. From 17th February, taxpayers with outstanding debts will see the interest rate on late payments drop from 7.25% to 7%. This will offer some relief to […]
Breadcrumb Trail Links Finance Investor News The new entity will be seeded with $2 billion to invest in style of sovereign wealth funds Get the latest from Barbara Shecter straight to your inbox Sign Up Published Jan 29, 2025 • 3 minute read Alberta Premier Danielle Smith, with Finance Minister Nate Horner, speaks at a […]
Companies that rely heavily on artificial intelligence (AI) to prepare their Research and Development (R&D) tax claims could find their claims rejected by HMRC if the process lacks human oversight. That is the warning from Blick Rothenberg, a leading audit, tax, and business advisory firm. Ele Theochari, a Partner and R&D specialist at the firm, […]
Article content Former Bank of Canada governor Mark Carney’s decision to throw his hat in the ring in the race to become leader of the federal Liberal party has led to a shakeup at the top of Brookfield Asset Management. Article content In a statement Thursday afternoon, Brookfield said chief executive Bruce Flatt would take […]
The new year is an excellent opportunity for businesses to review their finances and plan effectively for the months ahead. With the annual increases to the national living and minimum wage and other statutory payments set to take effect in April 2025, its essential to prepare for these changes in advance. National Living and Minimum […]
HM Revenue & Customs is ramping up its scrutiny of “side hustle” earnings, requiring online platforms such as eBay, Vinted and Airbnb to submit information on users’ incomes for 2024 by the end of this month. However, concerns have been raised that the discrepancy between the UK tax year (April to April) and the OECD’s […]
Taxpayers stand to save both money and headaches in 2025 by committing to better tax practices in the year ahead, according to leading audit, tax and business advisory firm Blick Rothenberg. Robert Salter, a Director at the firm, notes: “Most people make personal resolutions about health and lifestyle, but your financial health is equally important—and […]