The tax agenda for April

One year ends and another begins. With it come fresh challenges and the need to deal with compliance obligations. In particular PAYE year end returns will need to completed and filed as employers prepare for the new RTI process.

For companies the April quarterly instalment payment will need to be computed and amongst a raft of changes preparation made for the patent box and the ‘above the line’ (ATL) R&D credit regime both of which apply from 1 April 2013. The ATL credit will be available to large companies and certain small or medium-sized enterprises (SMEs) obliged to claim relief under the large company regime and will be available on expenditure incurred after 31 March 2013. Qualifying companies can elect into the new...