For accounting periods which began on or after 1 April 2023; Companies that have not previously claimed R & D or have not made a claim in the last three accounting periods need to notify HMRC that they intend to make a claim within six months of the end of the accounting period they wish to claim for.
So, a company with a 12 month accounting period ending on 31 March 2024 will need to notify HMRC by 30 September 2024. We will be reminding you as we approach deadlines.
If you receive tips on ‘more than an occasional’ basis, there is new legislation which is effective from October 2024, that you need to be aware of. By more than occasional, HMRC seem to deem a few tips a year as occasional and so if your business receives tips more than this, you need to […]
Hopefully you are already aware that HMRC have introduced legislation that requires certain individuals to keep and submit electronic records on a quarterly basis, for their business / rental income. MTD comes in to force from 6 April 2026 if your turnover / rental income or both added together exceed £50,000 and from 6 April […]
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