Specialist Tax Regulatory Materials
HMRC has published a new CIS301 postal form to register as a sole trader subcontractor with payment under deduction.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Transferable tax allowance (also known as the marriage allowance)What is the transferable tax allowance (marriage allowance)?From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (拢1,260) to the spouse or civil partner where neither party is a higher rate or additional
Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for
Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company鈥檚 debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the
