According to the Tax Action Report 2012, taxpayers will pay over £12.6 billion more tax than necessary this year, simply because they have failed to plan. A third (£4.2 billion) of this unnecessary outlay came from sole traders and partnerships which have not incorporated as a limited company, and not taken measures to extract income […]

Chancellor George Osborne delivered a Budget that set Britain the industrial aim of becoming Europe’s technology centre. We will now consider the main proposals introduced in order to achieve this aim: To provide the technology infrastructure required, the government promised funding for ultra-fast broadband and Wi-Fi in ten of the UK’s largest cities – Belfast, […]

In his latest Budget, Chancellor George Osborne announced that a patent box regime will come into force from April 2013. This will allow eligible IT companies to benefit from a 10 percent rate of corporation tax on all the profits arising from qualifying patents – whether through royalties or as part of the sale price […]