Our first newsletter of the year brings you news about how businesses are dealing with the apprenticeship levy, the latest figures about UK spend on research & development, calls for Inheritance Tax to be digitised and calls for MTD rollout to be delayed.
Businesses getting to grips with apprenticeship levy
Businesses are finally beginning to understand the apprenticeship levy, after previously voicing serious concerns over its complexity and lack of flexibility.
R&D investment grows to £23.7bn in 2016/17
Businesses in the UK spent £23.7 billion on research and development (R&D) in 2017, according to the latest data from the Office for National Statistics (ONS).
OTS calls for inheritance tax system to be digitised
The Office for Tax Simplification (OTS) has urged the Government to implement a digital system for inheritance tax, following complaints the current form-filling system is too complex.
Critics urge delay in rollout of MTD
Leading tax bodies have joined the House of Lords in calls to delay the introduction of Making Tax Digital (MTD) for all taxes, less than three months before it’s due to come into force for VAT.