Insights

Andrew McMillan & David Ward

Tax Partners

24 April 2024

Corporate Tax

R&D claims: The ongoing impact of HMRC’s new approach

he research and development (“R&D”) tax relief system is designed to encourage investment in innovation and drive economic growth. From April 2024, a new single merged R&D scheme came into force for most businesses. Both the existing and new schemes allow eligible companies to claim tax relief either by way of a reduction to corporation tax that would otherwise be due or, in certain circumstances, via a cash payment.

23 November 2023

Autumn Statement 2023: big money for business and pennies in the pockets of workers

Susie Walker, Partner and Head of Tax, has commented on the Autumn Statement 2023. She said: “There was big money for big business, and a few extra pounds in the pockets of workers, but little to encourage or inspire start-ups and SMEs in the Chancellor’s Autumn Statement.” Read more here.

Hannah Robertson

Tax Assistant Manager

27 September 2023

My JC Path – from law student, to CA, to CTA!

You don’t need to study accountancy at university to become a Chartered Accountant – and once you become a Chartered Accountant, you don’t need to do accounts! Hannah Robertson, Tax Assistant Manager in our Elgin team, is a shining example of how you can create your own path at Johnston Carmichael, finding the career that fulfils and works for you.

Alexandra Docherty

Partner and Head of Private Client Tax

Connect on LinkedIn

05 September 2023

HMRC spotlight on school fee planning

In a further focus on tax paid by Owner Managed Businesses, HMRC has issued a spotlight inviting disclosure of any tax planning schemes involving issuance of shares that pay dividends used to fund school fees.

Stuart Thomson

Corporate Tax Director

31 August 2023

Corporate Tax

Residential Property Developer Tax

While the transition to a 25% Corporation Tax rate received a great deal of attention, it also brought about an effective rate of tax of 29% in the Residential Property Development sector, in the form of the Residential Property Developer Tax (RPDT).

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