Blog

  • The Loss of Reliefs for the Late Submission and Incomplete Return of Corporation Tax Returns
    29 Jan 2019
    Under Section 1085 of the Taxes Consolidation Act 1997 claims to a number of reliefs are restricted where tax returns are submitted late. The amount of the restriction is calculated […]
  • Close Company Surcharge on Certain Undistributed Income
    28 Jan 2019
    Section 440 of the Taxes Consolidation Act 1997 provides for an additional charge of corporation tax on close companies at the rate of 20 per cent of the excess of […]
  • VAT REGISTRATION LIMIT CONTINUES TO BE FROZEN
    28 Jan 2019
    The VAT registration limit normally increases in line with inflation each year. However, it was announced last year that the limit would be frozen at £85,000 until 1 April 2020. […]
  • ANNUAL INVESTMENT ALLOWANCE INCREASED TO £1 m
    28 Jan 2019
    The Annual Investment Allowance (AIA) which provides businesses with a 100% write off against profits when they acquire plant and machinery has been temporarily increased from £200,000 to £1 million […]
  • IR35 “OFF-PAYROLL” RULES TO BE EXTENDED TO PRIVATE SECTOR
    28 Jan 2019
    Very controversially, the Government have decided to extend the rules for personal service companies in the public sector to workers in the private sector from April 2020. This follows a […]
  • MORE MONEY FOR NHS AND AN END TO AUSTERITY?
    07 Nov 2018
    As previously announced, these were the main themes of the Chancellor Phillip Hammond’s third budget but what we were waiting to hear was where the extra money was going to […]
  • Employee rights: shared parental leave
    25 Sep 2018
    Following suggestions that less than half the public is aware of the scheme, HMRC are promoting awareness of Shared Parental Leave (SPL) rights among employees. SPL and Statutory Shared Parental […]
  • Buying property across UK borders
    25 Sep 2018
    Now that Wales and Scotland each has its own property tax regime, the rules affecting the purchase of property have changed. Close attention to detail will be needed to ensure […]
  • IR35 – change ahead?
    25 Sep 2018
    IR35 is very much in the news. Over the last months, there have been several tax tribunal cases involving IR35 contractors – one high profile case going against BBC Look […]
  • MTD is coming
    25 Sep 2018
    Making Tax Digital (MTD) is on the horizon for many businesses. It represents a  momentous change in the way taxpayers keep records and submit information to HMRC. MTD affects VAT […]