Blog

  • Budget 2018 - structures & buildings allowance - the impact for farmers
    30th October 2018

    Budget 2018 - structures & buildings allowance - the impact for farmers

    For many years there has been no tax relief given on the construction or conversion of buildings. For the agricultural industry this has had the effect of dissuading farmers from investing in sheds, grainstores, etc. as there was no tax relief available on the main structure (other than for qualifying plant and integral features). This has now changed following the Chancellor's 2018 Budget announcement.
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  • 2018 Budget predictions for pension schemes
    26th October 2018

    2018 Budget predictions for pension schemes

    What can we expect from the 2018 Budget? Will pension tax relief be cut? The 2018 Autumn Budget is set for Monday 29th October - a little earlier than expected but brought forward by the impending Brexit negotiations.
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  • Changes to Making Tax Digital for VAT start date
    18th October 2018

    Changes to Making Tax Digital for VAT start date

    Making Tax Digital for VAT is due to start in April 2019. Previously, this was going to affect all VAT registered businesses with turnover above the VAT threshold of £85,000. However, HMRC have just announced a minor deferral, where some businesses won’t come into the new regime until October 2019.
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  • A tax on divorce?
    18th October 2018

    A tax on divorce?

    The final period of ownership of a residential property which was formerly your home usually attracts a run-off period of 18 months. This period of relief is primarily designed to assist when someone buys a new home before they sell their previous one, allowing a period of overlap so that both properties continue to qualify for Principal Private Residence [PPR] relief and are therefore not assessable to Capital Gains Tax (CGT).
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  • Hotels and hospitality industry – uncertainty or opportunity?
    8th October 2018

    Hotels and hospitality industry – uncertainty or opportunity?

    Suddenly we find ourselves in October and whilst we enjoy the autumnal colours we are also facing a time of economic uncertainty with, as yet, no deal reached on Brexit, a backdrop of increasing inflation and an unexpected hike in the budget deficit.
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