Tax relief is usually a refund on your tax when payments that you’ve made throughout the tax year can be deducted from the tax you pay.
The great British buy to let market has been a mainstay of middle class wealth for decades. It has been a safe haven for excess funds; an easy to understand, accessible, liquid asset class which has seen thousands build up a valuable portfolio and in most cases generate additional income. However, this may all be about to change.
There are more than three million family businesses in Britain including household names such as Dyson, Clarks and Stagecoach according to the Institute for Family Business.
Rises to business rates are a major concern for small firms amidst changes to the tax system, a survey of the Forum of Private Business (FPB) has found.
Creative industries are to be given tax reliefs, the Treasury has announced.
In the midst of public feeling that HMRC has had too cosy a relationship with large companies in relation to their tax settlements, new rules will be implemented in an attempt to make their dealings more transparent.
Tax Breaks for private lenders and investors would make it easier for small to medium enterprises (SMEs) to gain access to finance, the Forum for Private Business (FPB) has claimed.
HMRC Research and Development Tax Relief for Small Businesses – Find out more here.