It would be remiss to talk about risks facing businesses in 2020 and not mention Brexit. Brexit will impact businesses in a variety of ways but one particular area I want to focus on is rules of origin and the…
VAT was introduced way back on 1 April 1973. My recollection is that it was a very good thing as it replaced Purchase Tax and as a result the cost of Subbuteo football teams fell from 52½p to 50p. I…
Are you sure that the foreign registered entity in which the investor holds ‘shares’ is considered to be a company for UK tax purposes? As we see more clients holding investments in non-UK entities the above question is vital to…
Background In April 2020 we will go back to the future: HM Revenue & Customs (HMRC) will once again rank as a secondary preferential creditor in an insolvency. This means they will be paid after employees but before floating charge…
Scott Bebbington, business recovery specialist at PKF Francis Clark, lists what he considers to be key risk areas for businesses in 2020. Over the next few weeks Scott will present some more detailed insight into the risks as well as…
This factsheet looks to summarise our understanding of the main (non bank, non-asset backed) sources of funding potentially available to businesses in Cornwall & Isles of Scilly (IOS) as at January 2020.
In the past few years, the government has pursued a policy of increasing taxes on residential property owners. This has been achieved by: Increasing the tax on acquisition through higher rates of Stamp Duty Land Tax (SDLT). Restricting tax relief…
Welcome to our Winter edition of Farming Matters which, like many things, has been delayed by Brexit and the General Election. However, after what seems to have been months and months of rain and political uncertainty, Boris Johnson and the…
WHEN IS THE CAPITAL GAINS TAX PAYMENT DUE AND HOW IS IT REPORTED TO HMRC? Currently, when a capital disposal occurs, the capital gains tax liability is payable on 31 January following the tax year of that disposal. Therefore, most…
REWARDING INNOVATION Companies conducting qualifying development work can claim government-backed tax reliefs of up to a third of the associated costs. As a firm we are seeing increasing numbers of our agricultural sector clients embracing technological advancements and seeking out…