The latest Finance Act includes two changes that will affect all R&D claims: (1) a requirement to provide additional information before an R&D claim is made; and (2) a requirement for certain companies to make a claim notification within six months after the end of the accounting period for which they want to claim...
With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to £203.85 per week (£10,600 pa) from 6 April 2023; a 10.1% increase over the 2022/23 rate as a result of the “triple lock” being...
The deadline for reporting shares and securities and share options issued to employees for 2022/23 is 6 July 2023. This is the same as the deadline for reporting expenses and benefits provided to employees on form P11d for 2022/23. Employers must submit their employment related securities annual returns online and attach the appropriate spreadsheet...
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Click here to view the full report. Please don’t hesitate to get in touch should you have any questions. You can contact us...
15th February 2023 The external environment is characterised by high inflation which manifests itself in rising fixed and variable costs including wages. Where possible, we have attempted to pass on to our clients some of the increased costs but are mindful of the price elasticity of demand for our services which constrains the amount...
HM Revenue & Customs (HMRC) have introduced a revised penalty regime for the late submission of VAT returns. The new rules apply for VAT accounting periods commencing on or after 1 January 2023 and apply to nil and repayment returns and those for which VAT is paid late. The new penalty system will replace...
“On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public...
PK Group have released another guide on the mini budget reversal to inform you of the updated government announcements. Click here to view: Reversal-on-Mini-Budget-22 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953
PK Group have released a revised version of the mini budget review to inform you of the updated government budget announcements. Click here to view: Mini-Budget-2022 V2 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953
Have you missed the Mini Budget review? Do you require more information? PK Group have attached a Mini Budget Brochure to inform you of the latest government updates, such as tax cuts and the stamp duty abolition. Click here to view: Mini-Budget-2022 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk...