Local professional support - June 2019

Will potential R&D changes stifle SME innovation?
In last year’s Budget, the government stated that it would clamp down on abuse of the R&D tax relief system; but will the proposed plans stifle innovation within SMEs? With SMEs being the life blood of our economy, we feel the Government should continue to do all it can to support innovative business and we will be contributing to the consultation to help shape any future changes. 

How to keep your home in the care crisis 
In a new report published by the Centre for Policy Studies, proposals have been put forward by the Rt Hon Damian Green on how to address the issue of the ongoing social care crisis. As a politically toxic topic, with various potential solutions branded as ‘death’ or ‘dementia’ taxes, there is an impasse on how to address it. Given the resulting uncertainty, what steps can individuals take to try and minimise the impact of the current care crisis lottery? 

Making tax digital pilot extended to more landlords
Making tax digital (MTD) for income tax was seemingly kicked into the long grass when it was announced that it would not come in until 2021 at the earliest. But a new pilot scheme involving landlords suggests that the idea is still very much alive.

HMRC bank accounts get fat as employees get fit
The tax exemption for employer-provided sporting and recreational facilities should encourage employers to help their employees be physically active. However, employers providing such perks should take care to ensure their facilities qualify for the exemption. 

Related services