OUR LATEST INSIGHTS

Blog15th Apr 2020

COVID-19 International Corporate Tax Filings & Payment Extensions

As COVID-19 continues to have an impact across the globe and on the economy, it is also having an impact on completion of work within the usual deadlines. As companies are focusing on operational aspects of business, Corporate Tax Return…

Blog7th Apr 2020

COVID-19 – R&D Claims

Although these are uncertain times due to the impact of the COVID-19 pandemic, HM Revenue & Customs (“HMRC”) have confirmed their commitment to processing Research and Development (“R&D”) tax relief claims timeously to ensure companies eligible for repayments will still…

Blog31st Mar 2020

COVID-19 Expenses When Working From Home

Following the UK government’s three-week lockdown across the UK and the earlier measures introduced to try and address the COVID-19 pandemic, millions of individuals are now faced with the requirement to work from home. The stricter measures imposed and spending…

By Katy Christiansen

Blog27th Mar 2020

Prevention is better than Cure

Even before the forthcoming Construction Reverse charge changes impact on the Property and Construction industry, businesses in these sectors have to navigate on of the most complex areas of VAT.  This was illustrated in the recent First Tier Tribunal (FTT) decision in…

By Alistair Duncan

Blog23rd Mar 2020

Deferment of Tax Liabilities – Immediate relief for those affected by COVID-19

*Updated 18 Feb 2021* HMRC have recently provided further information on how businesses can join the VAT deferral new payment scheme. Businesses which still have outstanding deferred VAT payments can either pay the deferred VAT in full, on or before…

By Stuart Petrie

Blog20th Mar 2020

“HMRC are not of course infallible…”

The above quote from Lord Justice Lewison in the Leeds City Council vs HMRC Court of Appeal case plays a key role in the recent successful Aggregates Levy appeal of Lovie Limited [TC07606].

Blog12th Mar 2020

Budget 2020: Positive News on Research & Development (R&D) Tax Relief and Capital Allowances

The Budget made it clear that the UK’s success in the global economy will be rooted in innovation and cutting-edge technology. Plans to significantly increase public R&D investment to £22 billion per year by 2024-25 were confirmed, increasing direct support for R&D to 0.8%…

Blog12th Mar 2020

Budget 2020: New dawn for Entrepreneurs’ Relief

For a disposal on or after 11 March 2020, Rishi Sunak’s Budget Announcement has significantly reduced the worth of Entrepreneurs’ Relief (‘ER’).  

Blog27th Feb 2020

Rewarding Innovation

The UK government understands that promoting UK innovation is key to making the UK more competitive globally, increasing productivity and fuelling economic growth. One aspect of this is the promotion of Innovation tax reliefs available to both Small and Medium Sized Enterprises (SMEs) and large companies.  

By Derek Gemmell

Blog28th Jan 2020

How the March 2020 budget could affect your pension annual allowance

The last couple of UK budgets have been quiet in relation to changes in pension legislation. The media and general financial services industry have often tried to second guess changes, including a number of areas such as tax-free cash, salary exchange and pension allowances. However, despite…

Blog20th Jan 2020

Happy New Year! Is it time for a spring clean already? – Tackling taxation issues

With the festive season over, the start of a new year gives employers an ideal opportunity for a spring clean of their compliance processes and taxation issues, and to identify any tax planning opportunities. 

Blog16th Jan 2020

Fishing Boats & HMRC’s Change of Policy on Tax Relief

For those in the fishing industry, the investment in a new boat is significant regardless of the size and scale of the fishing enterprise. The Capital Allowances (CA’s) regime on boats over the years has been generous, particularly as certain…