The Accounts Lab Blog & Podcast
Changes to the Payable R&D Tax Credit for SMEs
- 11th January 2022
- Posted by: Edward Kirkby
- Category: Research & Development Tax Credits
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The Government has announced changes to R&D Tax Credits, that are designed to deter fraudulent claims where no research and development has actually taken place within the UK. Although the changes were originally announced in 2018, the implementation has been delayed until now. This change will restrict the amount of payable R&D tax credit an
Autumn Budget and Spending Review 2021
- 28th October 2021
- Posted by: Edward Kirkby
- Category: Budget
The Chancellor, Rishi Sunak, has today unveiled his Autumn budget that, he states, “backs businesses and builds a stronger economy.” A number of measures, such as the increase to the Corporation Tax rate, were announced earlier this year in the Spring Budget. Given the events of the last eighteen months, it was expected that measures
TikTok Partners With Shopify for Ecommerce
- 23rd September 2021
- Posted by: Edward Kirkby
- Category: Business
Shopify, one of the fastest growing ecommerce platforms in the world with 1.75 million merchants selling on the platform, has added TikTok as one of its social commerce channels. Shopify has recently announced a partnership with a social media giant, TikTok, which will allow retailers to sell direct to UK customers through the app. Creators
National Insurance Increase & Social Care
- 14th September 2021
- Posted by: Edward Kirkby
- Category: Business
Boris Johnson has announced today a 1.25% rise in National Insurance beginning April 2022, as well as a 1.25% increase in tax on share dividends. These increases will be introduced in order to raise £12bn a year to fund the government’s social care plan; this being: Anyone with assets of less than £20,000 will have
Can Film & TV Companies Claim SEIS and EIS?
- 13th July 2021
- Posted by: Edward Kirkby
- Category: Enterprise Investment Scheme, Seed Enterprise Investment Scheme (SEIS)
In recent years, film and television companies have found it increasingly difficult to take advantage of the SEIS and EIS schemes that offer tax incentives to investors. The reason for this is the new ‘risk to capital’ condition that was introduced by HMRC in 2018. This condition stipulates that to qualify for EIS/SEIS, a company