Small businesses less likely to invest after the cuts.
FSB criticises plans to reduce SME R&D support
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Business Tax
ATT urges the Government to revise AIA rules
“Strange arithmetic intricacies” could “catch out” taxpayers.
ICAEW calls for taskforce to tackle HMRC backlog
“Unacceptable delays” are stifling the UK’s economic growth.
Tax take hits £553 billion due to threshold freezes
Revenue is up by £48bn on the same period last year.
Total tax take falls in November
Tax receipts were down by £5.3 billion compared to October 2022.
SME R&D tax credit cut criticised by ATT
The changes to R&D credits aim to tackle fraudulent claims.
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