Take Investment Losses for Tax Planning Gains?

Investment values have taken a severe downward knock in recent weeks following the Coronavirus outbreak and a slump in oil prices.

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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. 

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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 31 March 2021, join the VAT deferral new payment scheme or contact HMRC if extra help to pay is required. Find out more in our updated blog.

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“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] 

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Does Your Finance Function Stop at the Office Door?

As a generation, we think we are very technologically advanced and able to cope with anything. However, in light of recent events, many companies are optimising flexible working and working from other locations such as from home. This sudden shift in working environments has caught some companies off guard and has resulted in companies facing new challenges in a situation which they have never faced before. 

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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% of GDP which places the UK among the top quarter of OECD nations  

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Budget 2020: Post-Brexit VAT measures welcomed by UK businesses

For his first budget as Chancellor of the Exchequer, Rishi Sunak has delivered some interesting indirect tax changes.

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It’s That Time of Year

At last – we’ve reached the end of February, the days have started to draw out, we might even get some respite from the weather. Spring is in the air and a new financial year is on the horizon. Why not take the time to start planning for the year ahead? Maybe revisit some of the software solutions you are currently using in your business, and have a spring clean of some old practices. Here are just a few suggestions for areas you might like to consider: 

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The Scottish Budget 2020/21

The Scottish budget for 2020/21 has been delivered, but what does it mean for the Scottish taxpayer? 

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How will you Value your Time this Decade?

It’s a cliché but a new year often prompts us to think about all aspects of our lives and how we can improve things, what we really value and how we can focus on those things most important to us. 

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