Major changes to the way companies file their accounts and tax returns appear to be on the cards. A consultation recently launched by the Department for Business, Energy and Industrial Strategy (BEIS) is exploring how companies might in future be…
Given the current level of business angel and related equity investment, and predictions that this is going to increase in 2021, we thought anyone considering raising investment in an SME might benefit from a reminder of the basics of the…
*13 November 2020 - Government has announced a further extension to the £1m allowance until 1 January 2022 - it was due to revert to £200,000 on 1 January 2021. Businesses often need to make capital investments in order to…
As part of the summer economic statement on 8 July 2020, Rishi Sunak announced changes to temporarily extend the 0% stamp duty land tax (SDLT) band on purchasing residential property (see my earlier blog here). These changes apply to SDLT…
The impact of the coronavirus crisis on UK public finances is starting to become clear in official figures. In April, the government borrowed £62.1 billion – more than in any month on record – and the budget deficit could widen…
As a contractor within CIS are you sure that you are treating materials claimed by subcontractors correctly? A contractor has sole responsibility to verify that the amount a subcontractor is claiming as material costs are genuine and reasonable, before they…
On 1 April 2020, it will mark a year since the implementation of Making Tax Digital for VAT (MTDfV). At the start of this year, HMRC figures showed that over 1.2 million businesses are now enrolled and over 3.1 million…
In February 2019, motivated by the Government's drive to limit house price rises, HMRC published a consultation document on the introduction of a stamp duty land tax (SDLT) non-resident surcharge. The proposal will apply to purchases of residential property in…
With Sajid Javid’s announcement today that his first Budget as Chancellor will be held on 11 March, thoughts turn to what may be included. One of the possibilities is that the Johnson administration could review inheritance tax and introduce some…
Following on from his series of articles on the general election examining the key tax proposals of each of the three main English parties, Daniel Sladen, Corporate Tax Partner, has summarised his findings in a Venn diagram to show where…
