Statutory rates increase from April 2023

Written by HR Director, Nicola Bell Nicola Bell, HR Director, has outlined the increases in statutory rates that came into effect from 1 April 2023.   National Minimum Wage From 1 April 2023, the national minimum wage has increased to the below: Aged 23 and above (national living wage rate), £10.42 an hour – up […]

R&D changes: What it means for your business

In March, Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing. We covered how this Budget stacks up against the Government’s priorities – and what it means for people and businesses across the UK […]

UK R&D tax relief claim requirements: The additional information form

From August 1st 2023, entities claiming Research and Development (R&D) tax relief or expenditure credit in the UK must complete and submit an additional information form to HM Revenue and Customs (HMRC). This additional form will be a prerequisite for supporting all R&D tax relief claims, and failure to submit it before the entity’s Corporation […]

Meet the experts: Victor Dauppe

Gravita is made up of so many talented individuals. It’s their talent and knowledge that makes us who we are. It’s why we want to showcase those who work here, so you can get to know the people behind the expertise. In this post, we meet Victor Dauppe, an incredibly talented, articulate and charismatic chartered accountant […]

Research and development reforms: Changes from April 2023 and what they mean for you

Written by Tax Partner, Toby Hermitage As announced in the recent Budget, the government has tightened and restricted the availability of research and development (R&D) tax reliefs in response to a recent increase in fraudulent R&D tax credit claims. The key measures introduced are as follows: Enhanced R&D tax relief available for SMEs is to […]

ESG: How green are you?

Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-managed a business is.    By looking at your business through an ESG lens, you may be able to predict how sustainable it is in the long run.    In this article, we’ll discuss how to assess your […]

Received a ‘nudge’ letter from HMRC? Here’s what you should know

HMRC have sent ‘nudge’ letters to individuals who they believe have undeclared income from letting holiday homes and properties through sites such as Airbnb and Booking.com.   Key dates If you have received income from holiday lets, you must inform HMRC by completing a self-assessment tax return. This return must be filed online, no later […]

Planning on separating and divorce? Important CGT changes proposed from April 2023

Written by Tax Partner, Michaela Lamb HMRC released a Policy Paper back in July 2022 setting out welcome changes from 6th April 2023 to the CGT rules for married couples and civil partners who are in the process of separating. The proposals set out an extended window in which the marital assets can be shared […]

Spring Budget report 2023

Download report Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing.   Ahead of time, we expected the Chancellor’s speech – dubbed the ‘back to work Budget’ by the media – to focus on […]

Jeremy Hunt’s Spring Budget 2023: The four E’s

Jeremy Hunt announced his Spring 2023 Budget today, once again returning to his familiar four pillars of growth: Enterprise, Employment, Education, Everywhere.   Below are a few of the announcements in today’s Budget Statement, we will add more in our full budget report tomorrow morning which can be downloaded on our website. Energy Government energy […]