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Many of you will have watched the Chancellor Jeremy Hunt delivering
his Autumn Statement a few weeks ago. You may have watched the whole speech or just seen clips on news programmes later in the day.
As always, many announcements were made and there was plenty to digest.
The actual statement is the bit most people are familiar with, but what happens next? What’s the process? Which announcements are set
to become reality and how soon?
Whenever a government announces new taxation in a Budget or Spring or Autumn Statement,…

There are two ways to register for VAT:

– The VAT Registration Service (VRS) – online, or
– The VAT1 form – paper by post

This is set to change in November 2023 when only the online VRS route will be available.
HMRC said in their September Agent Update that already 95% of registrations are done online.
Closing the paper registration route will increase this percentage and increase the use of its digital services.

The digital exemption
route will still apply and there are some businesses that will still…

HMRC used to offer an Inheritance Tax and Probate Helpline. From 02 October 2023,
the dedicated helpline is closed. This is all part of HMRC and HM Courts and Tribunals Service (HMCTS) working together with the intention
of improving the service for probate and Inheritance Tax customers.

There are now two numbers to contact:

– For probate queries, contact HMCTS – telephone 0300 303 0648 (or E-Mail
[email protected])
– For Inheritance Tax queries, contact HMRC – telephone 0300 123 1072 (or use HMRC’s online
‘assistant’
but NOT if an…

In October, we wrote about the Self-Assessment registration deadline (the 5th).
Hot on the heels of this, you may receive communication in the following weeks or months from HMRC about the requirement to
complete a Self-Assessment tax return. The thing that stands out from the communication is HMRC’s use of the phrase
‘You don’t need to be an expert to do your tax return’. This massively simplifies an annual process that can be very complicated
and time-consuming. That is why there are experts and…

Research and Development (R&D) is a Corporation Tax relief that is a Government support to some UK companies working on innovative projects in science and technology. There are currently two R&D schemes:

– For large companies, Research and Development Expenditure Credit (RDEC) and

– For small or medium enterprises (SMEs), SME R&D tax relief

There are strict terms and conditions of eligibility and the Government has introduced measures to tackle what it perceives as abuse of this support package and non-compliance. At the same time, though, they…