What worries me is that Jeremy Hunt, the chancellor, is still at risk of mispronunciation as Jeremy Hunt, the culture secretary was - high risk of swapping the "C" for the "H". :-0
I've just checked the notice to file on my HMRC account. The message clearly says "You need to file a Self Assessment tax return for the 2021 to 2022 tax year if you haven't already. The tax year ended on 5 April 2022.
You must file your online return by 31 January 2023."
I am not given any alternative way of filing the return!
Please don't patronise me when you have no idea of my involvement with policy.
I do not agree that "it's meant to encourage planned investment in growth areas that would not have taken place without the inducement." In practice it is meant to incentivise UK companies to become competitive in terms of innovation, new products etc. and to encourage global businesses to set up their R&D functions (with all their well educated, well paid scientists, engineers etc. and the associated infrastructure) in the UK to create direct and peripheral jobs here. That was the policy intention. That intention, or even your misunderstood one, is not served by making companies register to say they will be carrying out R&D!
2. Agreed, "line their pockets" was my take on it and not your phrase. However, policy never limited itself to the idea that the company would be constrained from using non-UK input. Tax policy in the R&D space is not to increase investment in UK skills & resources. If the Government wished to do that, it would be by a combination of incentivisation and resources aimed at the skills it felt were needed. That would not necessarily be via tax incentives (another policy research group I was involved with). It would also not be by cutting off the ability of companies carrying out valid and important R&D from a great pool of skill because it was not in the UK!
I almost agree that that there is no single strand of fairness & logic that runs through all our tax legislation although I would cynically say any of our tax legislation! But perhaps, in the case of R&D, which has earned UK Plc megabucks, maybe it ought to.
My answers
What worries me is that Jeremy Hunt, the chancellor, is still at risk of mispronunciation as Jeremy Hunt, the culture secretary was - high risk of swapping the "C" for the "H". :-0
You mean auditing. ;o)
I don't recall Clough being prime minister?
You have forgotten about the lettuce!
From that well known book "The Implortance of Being Trussist"
The lettuce wins!
As someone pointed out yesterday - a prime minster cannot resign after 42 days. It has to be 43, 47, 53, 59 etc. :)
Presumably the problem arose because she was trying to file herself rather than her tax return. :)
I've just checked the notice to file on my HMRC account. The message clearly says "You need to file a Self Assessment tax return for the 2021 to 2022 tax year if you haven't already. The tax year ended on 5 April 2022.
You must file your online return by 31 January 2023."
I am not given any alternative way of filing the return!
Hi Hugo
Please don't patronise me when you have no idea of my involvement with policy.
I do not agree that "it's meant to encourage planned investment in growth areas that would not have taken place without the inducement." In practice it is meant to incentivise UK companies to become competitive in terms of innovation, new products etc. and to encourage global businesses to set up their R&D functions (with all their well educated, well paid scientists, engineers etc. and the associated infrastructure) in the UK to create direct and peripheral jobs here. That was the policy intention. That intention, or even your misunderstood one, is not served by making companies register to say they will be carrying out R&D!
2. Agreed, "line their pockets" was my take on it and not your phrase. However, policy never limited itself to the idea that the company would be constrained from using non-UK input. Tax policy in the R&D space is not to increase investment in UK skills & resources. If the Government wished to do that, it would be by a combination of incentivisation and resources aimed at the skills it felt were needed. That would not necessarily be via tax incentives (another policy research group I was involved with). It would also not be by cutting off the ability of companies carrying out valid and important R&D from a great pool of skill because it was not in the UK!
I almost agree that that there is no single strand of fairness & logic that runs through all our tax legislation although I would cynically say any of our tax legislation! But perhaps, in the case of R&D, which has earned UK Plc megabucks, maybe it ought to.