Blog

  • 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
    READ MORE
  • 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.
    READ MORE
  • 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.
    READ MORE
  • Remuneration planning for couples in business
    26th April 2019

    Remuneration planning for couples in business

    HMRC have long been fighting against what they see as disguised remuneration and the Arctic Systems case, and HMRC’s subsequent sulk, did set out the benchmark and some clearly defined pitfalls of husband and wife remuneration planning.
    READ MORE
  • Brexit preparations for VAT registered businesses
    1st March 2019

    Brexit preparations for VAT registered businesses

    With Brexit nearly upon us on 29 March (probably!), there remains huge uncertainty on its impact, and it is essential that any traders or businesses which may be affected by changes in VAT procedures act now to ensure a smooth transition.
    READ MORE
12345678910...