The clock is ticking for businesses to use the Super-Deduction allowance before it ends, TWP accountants are warning. Businesses can claim a 130 per cent capital allowance on new plant and machinery costs via the Super-Deduction, until the end of March 2023. In effect this means for every pound a company spends, their Corporation Tax […]
How will these latest measures affect your plans for innovation? In the Autumn Statement, the Chancellor delivered many important new tax measures. However, one stands out – the reduction to the research & development (R&D) additional tax deduction and loss-making tax credits for SMEs. From April 2023 R&D tax relief rates will be altered as […]
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