Research and development
The Research and Development (Qualifying Bodies) (Tax) (Amendment and Further Prescribed Bodies) Order SI 2022/690 removes the Lomonosov Moscow State University from the list...
HMRC has updated the CT603 (notice to file a return), and CT208 (reminders to make payment, or to pay and file a return) letters.The new letters no longer include a payslip — taxpayers are asked...
HMRC is increasing interest rates for late payments for most taxes, after the Bank of England’s decision to increase the base rate to 1.25% from 1%.The rate for late paid corporation tax...
The UK tax gap for 2020-21 was estimated to be £32bn, which is 5.1% of theoretical tax liabilities. This is the second lowest recorded percentage and is unchanged from the previous year....