Insights

A new allowance, the Structures and Buildings Allowance (SBA) has come into operation and will operate alongside the existing capital allowances available…

Over the past year, a number of high profile companies - Richer Sounds being perhaps the most prominent - have indirectly transferred…

Although the tax on company cars has risen steadily over the years, they remain incredibly popular in the UK. According to Car…

There are often times when an employer needs an employee to temporarily work from a location other than their usual permanent location.…

It’s the thought that counts when it comes to making gifts, whoever the recipient is. This includes employees as research shows that…

The start date for the first VAT returns to be submitted through Making Tax Digital was on 1 April 2019. Now, many…

By now we probably all know of someone who has been defrauded online. In the first 6 months of 2018, almost half…

The enterprise investment scheme (EIS) and the seed investment equivalent for start-ups (SEIS) remain very popular amongst high net worth individuals who…

The focus on entrepreneurs’ relief (ER) is increasing again, as questions are being asked about whether it is fair to have such…

One of the best shelters from inheritance tax is business property relief (BPR), which enables a taxpayer’s business assets to be exempted…

Capital gains tax may be payable on gains made when you sell a property, unless that property qualifies as your PPR for…

If you have a business that employs other people, you may be eligible to an employment allowance worth up to £3,000 per…

Two significant changes we reported on after the Autumn Budget 2018 which relate to the restrictions to entrepreneurs’ relief (ER), have come…

Although there have not been many significant changes to tax legislation recently, there are still some important new previously announced policies taking…

It was widely reported that the cost of obtaining Grant of Probate would increase on 1 April 2019, but this has thankfully…

According to the Mayor’s office, housing shortages mean that well over 60,000 new homes are needed in the London area every year. …

Although there were no updates on IR35 announced during the Spring Statement, HMRC has already warned of the impending changes to the…

Disguised remuneration schemes have been the subject of intense HMRC scrutiny for some time and now an important deadline is looming; the…

Anything the Chancellor could have announced today, in the Spring Statement, was overshadowed by the government’s Brexit plan defeat in House of…

Making Tax Digital (MTD) is almost upon us, with the new VAT compliance service set to go live on 1 April 2019.…

Not something we like to think about, but when someone in your family dies, there are a lot of administrative tasks involved.…

Landlords have experienced lots of punitive tax measures in recent years which have made personally owning investment property, especially residential investment property,…

Last year, HMRC collected £5.2bn in inheritance tax receipts, making this tax a significant source of revenues. The amount collected represented an…

If you have invested in rental property and are considering future inheritance tax planning options, you may be wondering how best to…

The government has been investing heavily in additional resources to help HMRC tackle the continuing issue of businesses not paying their employees…

The Enterprise Management Incentive (EMI) is a very tax efficient share option scheme, under which share options can be granted to officers…

Big changes are afoot concerning the way that VAT is calculated and paid within the construction industry, which come into effect on…

One of your objectives for the coming year may be to formulate an exit strategy or succession plan for your company.  Changes…

Over the course of the year we’ve published over 40 blogs focusing on important tax issues and how to make the most…

If it has been a good year maybe you’re feeling generous because Christmas is just around the corner? You might be wondering…

According to HMRC, if existing tax rules for private sector contractors were left untouched, it would cost the Treasury £1.3bn a year…

If you work from home or run a home-based business and are reasonably well informed, you will be well aware of what…

Growing a successful business can be very hard work.  The government recognises this and provides shareholders who sell their companies with a…

In the Budget the Chancellor announced a widening of the qualifying conditions for shares to qualify for entrepreneurs’ relief (ER). These changes,…

A big(ish) boost for business owners was unveiled in the 2018 Budget, when the Chancellor announced that there would be a large…

This was a highly unusual Budget for a lot of reasons. It was held on a Monday afternoon instead of the normal…

The Budget will take place on 29th October, earlier than usual due to the final Brexit negotiations taking place in November.  There…

Many of us dream of a better life, one where the sun always shines, and we have more free time and more…

Owning your own company means you can have maximum flexibility and control over how you formulate your own remuneration strategy. When considering…

Whether you are running a home-based business or simply choosing not to work at the office a few days a week to…

Tighter inheritance tax (IHT) disclosure rules became operational on 1 April 2018, requiring any IHT planning arrangements which meet certain conditions to…

It seems that all recent HMRC initiatives have been designed to encourage taxpayers to disclose previously undeclared income, thereby increasing HMRC revenues…

IR35 is an employment tax that was first introduced in 2000 by Gordon Brown. It is designed to catch people operating in…

It has been reported in the Financial Times that HMRC is seeking new powers to obtain information about individual taxpayers from financial…

Given that house prices remain high, principle private residence (PPR) relief is ever more valuable when selling a property. It can mean no…

As we reported recently, online VAT reporting will be introduced within the government’s new Making Tax Digital system from 1 April 2019.…

Managing cash flow is one of the biggest challenges a small business owner has to overcome. It is the reason why many…

The popularity of the enterprise investment scheme (EIS) as a vehicle for raising investment finance amongst small companies and the resulting dilution…

SEIS and EIS provide a fantastic boost to fund raising opportunities for companies wanting to grow; they make it far easier to…

We wrote an article about a consultation into changing the way that VAT is accounted for in the construction industry earlier this…