Insights

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…

Did you know that without careful tax planning, many people in the UK - and not the ultra-wealthy - will be paying…

If you are receiving the SEISS 4 grant to cover self-employment earnings losses due to Covid-19, you may not be aware of…

The government has launched new proposals to effectively bring forward the future payment of taxes for millions of individuals and small businesses…

When you run a limited company, the finances must be carefully managed and kept quite separate from personal monies. This is a…

New customs and tax rules have been introduced for the movement of goods between the UK and countries in the EU. This…

HMRC has announced that self-assessment taxpayers will not be charged the initial 5% late payment penalty provided they either pay their tax…

In the recent Budget 2021, Rishi Sunak announced some extra support available for the self-employed people previously unable to claim COVID-19 government…

In recognition of the issues facing businesses as a result of the COVID-19 pandemic, the government has made new grants and loans…

A range of new grants and loans are being made available for companies as we start to emerge from the disruption of…

To help boost investment rates, Rishi Sunak announced in the Budget 2021 a new “super deduction” of 130% is available to companies…

Ask almost anyone the name of the Chancellor of the Exchequer a few years ago and many people could not have answered.…

The current tax year (2020-21) will end on 5 April 2021 and we are all expecting tax increases shortly to help recover…

New guidance from HMRC has outlined how to register for the online service to pay VAT payments that were deferred between 20…

The quick roll-out of government loans and the ability to ‘furlough’ employees have certainly been useful to businesses and have indeed kept…

Rishi Sunak will be delivering his spring budget on 3 March 2021, and likely tax announcements are becoming hotly anticipated. As reported…

The stamp duty holiday certainly had the desired effect and has helped create a mini property boom at a time when the…

Many small company directors were excluded from the first two furlough schemes because they paid themselves an annual salary at the end…

After being delayed in 2020 due to the COVID-19 pandemic, the anticipated revisions to IR35 (known as off-payroll working) are finally coming…

HMRC have just announced that due to the COVID-19 pandemic, any self-assessment taxpayers who cannot file their tax return by the 31st…

More than 12 million people will be submitting their 2019/20 self-assessment tax return online by 31 January 2021. This includes the self-employed,…

In recent weeks we have received a number of queries about capital gains tax due when a property is sold. These enquiries…

The VAT Domestic Reverse Charge (VDRC) rules for the construction industry will finally come into operation on 1 March 2021 after many…