Insights

Greg Sutherland & Laura Hay

23 July 2024

Corporate Tax

Higher interest rates charged by HMRC on late payments of Corporation Tax

Following on from the article published on 8 March 2023 regarding the new corporation tax rates, this article looks into the different payment dates of Quarterly Instalment Payments (QIPS) under the large and very large QIP regimes, the higher interest rates being charged by HMRC on late/underpaid amounts of Corporation Tax and the anticipated direction of travel by HMRC in relation to penalties being charged on the non-payment (or deliberate underpayment) of QIPS.

Stephen Oates

Tax Director and Head of Entrepreneurial Taxes

Connect on LinkedIn

04 July 2024

Corporate Tax

A drop in EIS/SEIS Investment - but what’s on the horizon?

In slightly unwelcome news, data has been released by HMRC and published recently in Taxation Magazine, which shows that for the tax year 2022/23, Enterprise Investment Scheme (EIS) investment is down by approximately 15% on the previous year, and fewer companies actually raised investment. and

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.

Susie Walker

Partner and Head of Tax

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.

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