Webinar: Benefits in kind and remuneration planning in 2023
We invite you to join us at our webinar on 31st May focusing on benefits in kind and remuneration planning. The session will cover the above as well as planning areas such as bonus vs dividends, redundancy planning, salary sacrifice, and the use of employee ownership trusts. The session will be run on Zoom from […]
Statutory rates increase from April 2023
Written by HR Director, Nicola Bell Nicola Bell, HR Director, has outlined the increases in statutory rates that came into effect from 1 April 2023. National Minimum Wage From 1 April 2023, the national minimum wage has increased to the below: Aged 23 and above (national living wage rate), £10.42 an hour – up […]
R&D changes: What it means for your business
In March, Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing. We covered how this Budget stacks up against the Government’s priorities – and what it means for people and businesses across the UK […]
UK R&D tax relief claim requirements: The additional information form
From August 1st 2023, entities claiming Research and Development (R&D) tax relief or expenditure credit in the UK must complete and submit an additional information form to HM Revenue and Customs (HMRC). This additional form will be a prerequisite for supporting all R&D tax relief claims, and failure to submit it before the entity’s Corporation […]
Transfer pricing requirements to change for UK companies from April 2023
Written by our Tax Partner, Thomas Adcock . From April 2023, it will become a requirement for UK companies that fall within the UK transfer pricing legislation to maintain transfer pricing documentation using HMRC’s template. Historically, UK companies that are required to consider transfer pricing were able to document their approach in any way […]
Meet the experts: Victor Dauppe
Gravita is made up of so many talented individuals. It’s their talent and knowledge that makes us who we are. It’s why we want to showcase those who work here, so you can get to know the people behind the expertise. In this post, we meet Victor Dauppe, an incredibly talented, articulate and charismatic chartered accountant […]
Research and development reforms: Changes from April 2023 and what they mean for you
Written by Tax Partner, Toby Hermitage As announced in the recent Budget, the government has tightened and restricted the availability of research and development (R&D) tax reliefs in response to a recent increase in fraudulent R&D tax credit claims. The key measures introduced are as follows: Enhanced R&D tax relief available for SMEs is to […]
ESG: How green are you?
Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-managed a business is. By looking at your business through an ESG lens, you may be able to predict how sustainable it is in the long run. In this article, we’ll discuss how to assess your […]
Received a ‘nudge’ letter from HMRC? Here’s what you should know
HMRC have sent ‘nudge’ letters to individuals who they believe have undeclared income from letting holiday homes and properties through sites such as Airbnb and Booking.com. Key dates If you have received income from holiday lets, you must inform HMRC by completing a self-assessment tax return. This return must be filed online, no later […]
How do you open a UK branch?
Trading with the UK has changed significantly since Brexit came into force, an increasing number of overseas businesses are opening offices in the UK. If you are considering establishing your business in the UK to make trade easier, here is an outline of some of the benefits, tax law considerations, and how to start the […]