Blog

  • Preparing for a No Deal Brexit
    17th June 2019

    Preparing for a No Deal Brexit

    At this point it is quite possible the UK will leave the EU on 31 October 2019 without a deal. To avoid a No Deal Brexit will require either an agreement on the terms of the exit or an extension to be granted. Many businesses will have started to review the impact of a No Deal Brexit earlier in the year but at this point all organisations will need to review or revisit their No Deal plans.
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  • What is the mutual trading tax exemption?
    12th June 2019

    What is the mutual trading tax exemption?

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  • Will HMRC now try to reassess some vans as cars?
    24th May 2019

    Will HMRC now try to reassess some vans as cars?

    When is a car not a car? This is a question that has interested the tax office for years and has had the effect of costing taxpayers – both individually and in business - substantial amounts if they get it wrong. A car is not a goods vehicle
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  • Beware - the Construction Industry Reverse Charge
    23rd May 2019

    Beware - the Construction Industry Reverse Charge

    HMRC considers the construction industry a sector that could present a significant risk to the Exchequer and, as such, they are introducing a reverse charge for building work. Essentially, this means that building contractors, with effect from 1 October 2019, will not pay sub-contractors VAT, but will account for it themselves. If you think you may be affected by this change it is important that you familiarise yourself with the new rules before they are introduced.
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  • When is a grain store not a grain store?
    27th April 2019

    When is a grain store not a grain store?

    This was the question argued by Mr Stephen May when his claim for capital allowances on the whole construction cost of a grain “facility” was rejected by HMRC.
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