Blog30th Mar 2021How could Inheritance Tax & Business Relief impact your family business?Business Owners will most likely be aware of the important Inheritance Tax (“IHT”) relief currently available on the value of their businesses. Business Relief (“BR”) can relieve the full value of the business and it has long been recognised that…View more
Blog29th Mar 2021Does your technology fit like a good pair of shoes?We are in the process of setting our budgets for this year and my mind instantly flipped back to this time last year. No–one could have foreseen the year that was about to descend upon us. The three-week lockdown from 23rd March 2020…By Lauren McCluskeyView more
Blog29th Mar 2021What came of Tax Day 2021?The Treasury and Chancellor previously suggested that more effective tax changes would be introduced after undertaking consultation and seeking comment on the output from such consultation exercises. Therefore, instead of this being lost in the Budget Announcement a separate date,…View more
Blog23rd Mar 2021Tax Day – 23 March 2021Today, 23 March 2021, has been badged “Tax Day” following The Chancellor’s announcement that the results of a number of tax consultations will be released today for review and a request for input by Professional Advisors, Industry bodies and any…View more
Blog16th Mar 2021Working overseas – are you aware of your Corporate Tax obligations?Despite the global mobility issues Covid-19 has caused during 2020, UK companies have still been presented with opportunities to work overseas. In particular, we have seen UK clients working in Norway, Denmark, Germany, UAE, Saudi and Taiwan, just to name…View more
Blog11th Mar 2021The reality of BrexitEven with COVID19 overshadowing everything during 2020, Brexit did not exactly creep up on exporters on 1 January 2021. However, with the EU-UK Trade and Cooperation Agreement only being finalised on Christmas Eve, UK businesses had very little time to prepare for the reality…View more
Blog9th Mar 2021EMI ConsultationIn a bid to support UK business growth and employee retention, the government has announced they will be reviewing the HMRC approved Enterprise Management Incentive (“EMI”) share scheme with a view to making EMI accessible to more businesses.View more
Blog5th Mar 2021Payrolling Benefits – Act now!As we approach the end of the 2020/21 tax year, we will shortly be in the P11D reporting window for employee benefits. While completing P11Ds may be something that you have done for as far as you can remember, it…View more
Blog4th Mar 2021Coronavirus Job Retention Scheme extended until September 2021Following on from the Budget that was delivered by the Government yesterday, Wednesday 3rd March, it has now been confirmed that Coronavirus Job Retention Scheme (CJRS) will be extended until September 2021.View more
Blog3rd Mar 2021Budget 2021 – Enhanced Value of R&D for CompaniesThe cost to the taxpayer of Covid by the end of the next financial year is predicted to be £407 billion, much of which has been funded by debt. View more
Blog3rd Mar 2021Further Extension to VAT Rate Cut for Tourism & Hospitality IndustriesFollowing Rishi Sunak’s budget announcement earlier today the temporary reduced rate of 5% VAT for the Tourism and Hospitality Sectors has been extended for a further 6 months until 30th September 2021. Furthermore, an interim rate of 12.5% will be…View more
Blog2nd Mar 2021IR35 Off-Payroll Reform – A RecapAs we find ourselves in another National lockdown, businesses may be questioning whether we will see another delay to the implementation of the IR35 Off-Payroll Working changes due to come in from April 2021. This however is wishful thinking as we hear the government…View more