HMRC take their time with R & D tax credit claims

HMRC take their time with R & D tax credit claims

Delays to R & D tax credit claims Richard Coombs, Tax Partner at Bates Weston reports that HMRC are currently taking up to 90 days to process R & D tax credit claims compared to the expected 28 day response. “Clients will need to be aware of the impact...
Inheritance Tax Planning After Death

Inheritance Tax Planning After Death

Is it too late for Inheritance Tax planning after death? The now famous quote from Benjamin Franklin that there are only two certain things in life: death and taxes still holds true. As tax advisors, we are often in a situation where we have to deal with both at the...
Private Residence Relief Changes

Private Residence Relief Changes

Private Residence Relief is changing from April 2020. Richard Coombs explains the changes and the implications for Capital Gains Tax. “As a further squeeze on taxpayers, HMRC have recently announced a further tightening on the Private Residence Relief (PRR),...
Qualify for Entrepreneurs’ Relief – Plan Ahead

Qualify for Entrepreneurs’ Relief – Plan Ahead

If you hope to qualify for Entrepreneurs’ Relief, it is vital that you plan ahead according to Cassandra Graham, part of the tax team at Bates Weston. Cassandra  has been looking at HMRC’s 2017-2018 statistics for Capital Gains Tax and one of the bullet...
Section 431 Election – more than just a piece of paper?

Section 431 Election – more than just a piece of paper?

Cassandra Graham, Tax Manager at Bates Weston explains the relevance of a section 431 election when an individual acquires employment related shares. “The signing of a section 431 election tends to be a standard part of the legal process when an individual...