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.
Death of the P11D form! From April 2027, ‘Benefits in Kind’ provided to employees/directors will, with only a couple of exceptions which are not common, have to be ‘payrolled’ rather than declared to HMRC on forms P11D at the end of the tax year. This can currently be done on a voluntary basis but it […]
From April 2028, drivers of electric and plug-in hybrid cars will pay a new levy (tax). At the Autumn Budget 2025, the government announced that Electric Vehicle Excise Duty (eVED) will be introduced from April 2028. Although yet to be confirmed the scheme is expected to work as follows. Background The two primary motoring taxes in […]
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