Blog

  • 20th April 2021

    Reporting Capital Gains on Residential Property

    In April 2020, HMRC introduced a 30-day reporting requirement for disposals of a UK-situated residential property.  The same time limit applies to paying any CGT due.  Despite the new rules having been in place for a year, there is still confusion of when you should report, how and when you should pay any tax. 

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  • 9th April 2021

    How “super” is the Super Deduction capital allowance?

    The March 2021 Budget saw the introduction of additional tax capital allowances with the announcement of a new “Super Deduction” (which gives 130% relief) to encourage capital investment by companies over the period to 31st March 2023.

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  • 9th April 2021

    A Review of ‘Tax Day’

    “Tax Day” is probably not a day that fills many people with excitement other than a tax adviser. It is a newly created day on which HMRC publish consultations regarding their future plans for the tax system.

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  • 8th April 2021

    Forecasting: What Happens Next?

    As we begin to move cautiously (and irreversibly?) out of lockdown, many of us are wondering what is coming next. With the dust beginning to settle, businesses are gazing into their crystal balls to try to make their predictions about the future so they can plan ahead effectively. In doing so, they should consider a financial forecast an essential tool.

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  • 25th March 2021

    Off-Payroll Working

    HMRC’s off-payroll working rules, historically known as ‘IR35’, were first introduced over 20 years ago and were designed to ensure that workers providing services to a client through an intermediary, such as a personal service company, and who would have been an employee if they were contracted directly, pay broadly the same tax and National Insurance contributions (NICs) as employees.

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  • 22nd March 2021

    What are the 2021 Patent Box changes?

    Companies with still claiming under the old patent box rules will automatically transition to the new patent box on 1 July 2021, so how is that going to affect their patent box claims?

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  • 19th March 2021

    Benefits of photo record keeping

    Record keeping comes in various shapes and forms and pretty much everyone nowadays carries around with them an incredibly useful device for keeping records for tax purposes. The camera on the mobile phone.

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  • 10th March 2021

    Budget 2021 – the Charity sector

    It is fair to say that the Charity Sector’s reaction to last week’s Budget reflects disappointment, with quotes such as ‘taking the charity sector for granted’, ‘lack of support for the charity sector’, ‘failed to recognise the vital role civil society plays’. Hardly a glowing endorsement.

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  • 8th March 2021

    The support continues

    In what has to be one of the most eagerly anticipated Budgets in decades, Rishi Sunak continued with his promise to “do whatever it takes” to tackle the ongoing pandemic and outlined his three point plan to protect jobs and strengthen public finances.

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  • 8th March 2021

    Budget 2021 – Reflections

    I’m getting rather good at this Budget prediction lark, even if I do say so myself – of course, it does help a great deal when significant portions of the Chancellor’s speech are pre-announced or leaked to the press in advance…

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