Business
HMRC advanced notification rules for R&D and the potential risks
HMRC advanced notification rules for R&D and the potential risks Since the new rules have come into play, Companies claiming research and development (R&D) tax relief now need to submit details in advance making it harder to backdate claims. In 2023 HMRC introduced a requirement which means that companies have to advise in advance if…
Read MoreUndeclared dividend payments are being targeted by HMRC
Undeclared dividend payments are being targeted by HMRC Company directors that HMRC suspect of earning dividends, which are not being declared on their self-assessment tax returns are being contacted by HMRC. If you have received a letter from HMRC regarding this, please get in touch with us here at Kennedys Accounting if you need some…
Read MoreFurnished holiday lets – changes are coming!
Furnished holiday lets – changes are coming! With effect from 6 April 2025, loan interest for holiday let businesses operated by individuals will cease to be a deduction and relief but will instead be given as a 20% tax credit from the individual’s tax liability which was announced by the Chancellor in the Budget earlier…
Read More