News & Views
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Time is running out to claim capital allowances on Furnished Holiday Lets
In March 2024 the government announced that the Furnished Holiday Letting tax regime would end from the 1st April 2025. The regime offers various benefits, including the ability to claim capital allowances on plant & machinery in the property, resulting in significant tax savings.
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ERIS Scheme - Giving R&D Intensive Companies The Credit They Deserve
In November 2023’s Autumn Statement, the government introduced a significant expansion on the existing R&D-Intensive scheme, providing further opportunity for research and development (R&D)-driven start-ups: the Enhanced R&D Intensive Support (ERIS) scheme. Tailored specifically for loss-making, innovation-focused SMEs, ERIS delivers significantly more generous tax relief than the new merged RDEC scheme, potentially offering a vital financial assistance during the crucial early stages of growth.
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Advanced Notification – to opt in or not to opt in, that is the question?
Most R&D claimants do not need to submit an advanced notification if they have historically made R&D tax relief claims, but the rules are not straightforward so it is always best to check!
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Farewell, for now
Farewell, for now. Today is Chris Norris’ last day at YesTax before he embarks upon a period of training with the RAF Reserves, prior to being deployed overseas in July. As a long serving and highly valued member of the YesTax team, it’s with mixed emotions that we must say a temporary goodbye to Chris.
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Become a YesPartner!
“The whole is greater than the sum of its parts” – Aristotle. It is often argued choosing a good accountant is one of the most important decisions in determining whether or not a business is successful. Accountants provide reliability, impartiality when tough decisions need to be made, financial prudency and stability.
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Exporting British Culture to the World – don’t miss out on Creative Industry Tax Credits!
“UK creativity is world-beating. It’s a thing that defines us in a way that no other industry does right now.”
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Calling time on the highest R&D tax relief rate
Until the end of March 2023 SMEs in the United Kingdom were able to claim up to a third of their expenditure on R&D back in the form of tax credits. The approaching 31 March 2025 deadline presents a crucial opportunity for companies with a 31 March 2023 year-end to claim R&D tax relief at the more advantageous pre-April 2023 rates.
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Celebrating Six Years: A Tribute to our team, our clients and the charitable impacts we’ve made!
Six years ago, we embarked on a journey not only to provide exceptional tax services to our clients but also to do things differently – by making a difference. At YesTax we believe that tax shouldn’t be just about taking but giving too. That’s why we set our mission to make things better not only for our client’s, and their businesses but to help improve the welfare of our future generations too.