News

New round of applications open for small grant scheme that could save you thousands - August 1, 2019
News Article

The Countryside Productivity Small Grant Scheme Round 2 has now opened for submissions, giving businesses working in the rural industries a chance to make big savings. But you’ll need to hurry – applications are only…Read more

New figures show that a quarter of estates paying Inheritance Tax (IHT) are investigated by HMRC - August 1, 2019
News Article

The response to a Freedom of Information (FoI) request has revealed that as many as one in four estates that are liable for IHT are investigated each year. In 2018-19, more than 5,500 investigations were…Read more

Principal Private Residence Relief and Lettings Relief changes due in April 2020 - August 1, 2019
News Article

The start of the next tax year in April 2020 will see key changes come into effect in respect of Principal Private Residence Relief (PPR) and Lettings Relief, both of which can be used to…Read more

Employment Allowance to be restricted from next year - August 1, 2019
News Article

At the moment businesses and charities of all sizes can benefit from Employment Allowance. However, from the start of the new tax year in April 2020, the allowance will only be available to employers with…Read more

Summer childcare costs cooldown with Tax-Free Childcare - August 1, 2019
News Article

The Government wants to remind working parents that they could be entitled to up £2,000 per child per year to help with the costs of childcare, including regulated holiday clubs during the school holidays. The…Read more

HMRC outlines changes to Capital Gains Tax treatment on second homes - August 1, 2019
News Article

From April 2020, the date at which Capital Gains Tax (CGT) must be paid on a second home property disposal is changing. After this date, taxpayers will only have 30 days to file their return…Read more

Construction businesses only have weeks left to prepare for the VAT reverse charge - August 1, 2019
News Article

Businesses in the construction industry now have only a matter of weeks left to prepare for the new VAT domestic reverse charge regime. These new rules will be enforced from 1 October 2019, significantly changing…Read more

Government’s draft IR35 legislation contains important changes - August 1, 2019
News Article

After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6 April 2020. The latest policy document for the…Read more

Incorporation no longer automatically resets the two year requirement for sole traders - July 2, 2019
News Article

Entrepreneurs’ Relief (ER) entitles a business owner to significant relief from Capital Gains Tax (CGT) on the disposal of their business, often halving the consequent tax bill. To qualify for ER, the company must normally…Read more

Remember to pay the annual data protection charge - July 2, 2019
News Article

Businesses across the UK are being reminded that, if they process personal data, they are subject to a legal requirement to pay the Information Commissioner’s Office (ICO) an annual data protection charge, unless they have…Read more