13 August 2020
New statistics published today by HMRC reveal a total of £1.11 billion was paid out in 2019/20 in tax reliefs for the creative sector. This represents a significant increase of £30 million compared to last year.
20 July 2020
The Office for Budget Responsibility (OBR) has estimated that the coronavirus pandemic will increase government borrowing by almost £300bn in 2020-21. For context, provisional figures for 2019-20 show HMRC’s total tax take was £634.7bn across all taxes.
01 May 2020
In response to the economic impact of the coronavirus outbreak, the Government has announced that the application of the zero rate of VAT to supplies of 'digital publications' will be brought forward to 1 May.
24 April 2020
Since the coronavirus lockdown in the UK the tech start-up industry has been under a lot of pressure. After much debate, plans for a new 'Future Fund' designed to support high-growth companies has been announced.
02 April 2020
The venture capital and private equity industry have invested heavily in the technology sector, from seed investments in new ideas to buyouts and take-privates of established businesses.
01 April 2020
The coronavirus pandemic has made it more important than ever to make the most of every opportunity to maximise cash returns. One way that businesses in the creative sector can generate inward cash is to claim creative sector tax relief.