Accountancy Newsletter #9

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R&D reforms - time for drastic steps?

The Treasury will set out its plans for the future of research and development (R&D) at the Budget hastened by low usage by SMEs. Nimesh Patel, tax partner at Grunberg & Co says an overhaul is required

ICAEW supports audit fines going to Treasury

ICAEW has voiced its support for Financial Reporting Council (FRC) fines for failed audits to go to the Treasury

Businesses lost ￡414m due to cross-border tax complexity

Cross-border tax complexity when trading with the EU cost UK businesses ￡414m in lost revenue last year, according to Cebr?

HMRC pauses payments for R&D tax credits

HMRC has halted the payment of research and development (R&D) tax credits while it investigates irregularities in claims for the relief