Entries by Stuart Iddon

SME R&D tax credit claims fall

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The number of small and medium-sized firms claiming research and development tax credits fell sharply last year, according to new figures. The provisional estimated total number of research and development tax credit claims for the tax year 2022-2023 was 65,690, a fall of 21 per cent, according to HM Revenue and Customs (HRMC). And although […]

Busting the self-assessment myths

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There are plenty of myths around self-assessment and who needs to file a tax return before the January 31, 2025 deadline. Here’s some information, courtesy of HMRC, released to help debunk some of the most common ones. Myth 1: ‘HMRC hasn’t been in touch, so I don’t need to file a tax return.”’ Reality: It […]