Insights

The new Domestic Reverse Charge (DRC) rules for the construction industry came into effect on 1 March 2021 and ever since confusion…

This is an annual charge that may be due where a company, which includes an LLP with a corporate partner, owns residential…

If you are a business owner and offer your employees benefits in kind, you will be familiar with forms P11D. These are…

The arrival of Covid-19 caused all sorts of challenges for people who were trying to write wills, manage inheritance tax issues and…

The tightening of the IR35 legislation has made it more difficult for contractors to reduce their tax liabilities by operating personal service…

The recent decision by one London law firm to enforce a rule that staff wanting to work from home full time should…

One of the big benefits of investing in shares on AIM is the tax advantage it offers, because AIM shares can provide…

Research and Development tax relief has become one of the UK’s most successful tax advantaged incentives for companies. Government figures place the…

The Annual Investment Allowance (AIA) allows businesses to offset the cost of eligible plant and machinery purchases to reduce taxable profits. Currently…

There are plenty of press articles currently focusing on households struggling with the cost of living increases, and of course businesses are…

One of the legacies of the Covid-19 disruption is tax debt – the difference between your agreed tax liabilities and the amount…

Enterprise management incentive (EMI) options are popular with SMEs because they are highly tax advantaged. Providing that the relevant conditions are met,…

Some interesting developments are on the horizon for businesses, with extra tax reliefs and income tax cuts promised in today’s Spring Statement…

If you are a contractor you will be aware of changes introduced recently to the IR35 legislation. Being caught by IR35 can…

Have you got a personal pension? Interested in making ad hoc withdrawals? Or have you been making withdrawals already? Under the pension…

Inheritance tax (IHT) planning is one of the most emotive areas of our work with clients. Very often IHT is seen as…

According to research by CNBC, 1 in 10 people have now invested in cryptocurrency, with 65% starting to dabble in this asset…

All businesses involved in the construction industry are required to register for CIS; the Construction Industry Scheme, but limited companies and sole…

January can be a good time to take a close look at your personal tax situation because it allows enough time to…

Electric cars are more popular than ever thanks to all the tax breaks available. It used to be the case that reclaiming…

HMRC will be introducing Making Tax Digital (MTD) for VAT as a mandatory requirement for all VAT-registered businesses from 1 April 2022.…

If you are panicking about getting your tax return in by the 31 January, you can breathe a small sigh of relief.…

The Government is increasing dividend tax (and national insurance) by 1.25% and this will have quite an impact on shareholders. This is…

It was confirmed in the 2021 Autumn Budget that the blanket change requiring sole traders and landlords to declare profits on a…

For UK companies, one of the biggest taxes to be planning ahead for is the increase to corporation tax. The new rate…

One of the hidden changes in the Autumn Budget 2021 was confirmation that the deadline for submitting a tax return and paying…

This Budget was in many ways a landmark event; it provided the forum for Chancellor Rishi Sunak to set out a strategy…

One of the effects of the impending increase to personal taxes has been fresh interest in VCTs (venture capital trusts). Part of…

Rules are now in place requiring taxpayers to file and pay CGT due on residential property sales within 30 days of completion.…

The Chancellor will reveal his autumn spending review on 27 October and some of the expected announcements are being leaked to the…

Some significant changes may be coming into operation that will have an impact on unincorporated business owners who are required to complete…

The need for self-employed business owners and landlords to submit an annual tax return is changing. The old system is being replaced…

Some of the recent tax cases published involving HMRC and small business owners have been very dramatic, resulting in penalties of tens…

We all knew some tax increases were coming to cover the cost of Covid-19. Business owners are already aware of the increased…

For many unincorporated businesses, the last tax year will have been a very tough period to have been trading. There may be…

Due to Brexit, there are now different rules in respect of the EU VAT refund process. UK businesses can no longer use…

Now that Covid restrictions have been lifted and life is returning to ‘normality’ again, you might be considering whether to switch to…

According to government data, over 40 of the UK’s FTSE 100 companies have signed up to the United Nation’s Race to Zero campaign, demonstrating…

If you have overseas assets, or you receive income or gains from overseas assets, you may have received a letter from HMRC…

Venture capital trusts (VCTs) and the Enterprise Investment Scheme (EIS) have been available for many years, and they remain as tax efficient…

The government tends to try and make us believe that taxes are going down. After all, the personal allowance is increasing and…

If you have recently purchased an investment property and are planning to rent it out, you might be wondering whether you can…

During the 2021/22 tax year, some important changes to the IR35 legislation came into effect which, if applicable to you and your…

VAT legislation originally introduced in 2012 is starting to have an impact on the relevant business service providers now, as HMRC has…

Covid has increased the inequality between the affluent and the not so affluent very significantly and has unfortunately created a lot of…

The fifth and final self-employed income support scheme (SEISS) grant has now been unveiled by the government and from July it will…

Rishi Sunak’s super deduction policy, whereby companies  can claim 130% tax relief on investment made in plant and machinery between 1 April…

New VAT e-commerce rules will apply with effect from the 1st of July 2021. The start of these rules was originally set…

The Covid-19 pandemic has created a very different environment for businesses and individuals alike. Some people in industries such as hospitality and…

If you have a furnished holiday let (FHL) you will be aware of the requirements concerning availability and actual rental periods that…