Changes to VAT penalties and interest from 01 January 2023

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

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New VAT penalty regime and other VAT news

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

1.25% increase to NIC and dividend tax rates 

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

Budget 2021

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

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Update on Government schemes in response to COVID-19

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

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COVID-19 Government schemes to help

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

Dividend 2017/18 and 2018/19

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

Autumn Budget 2017

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…

Changes to flat-rate VAT in more detail with examples

Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018.The report showed: the aerospace industry saw the largest increase in R&D…