Latest News

What are the proposed tax changes for the self-employed, sole traders and partnerships?

Unincorporated businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government – which could lead to some facing higher tax bills than expected.

Xero User News - Changes to e-commerce VAT in the EU

From 1st July 2021 the VAT rules on business to customer (B2C) e-commerce sales have changed. 

The changes, referred to as the ‘EU VAT E-commerce Package,’ aim to reduce barriers for e-commerce businesses selling across borders to end customers within the European Union, and can be used by businesses worldwide including those based in the UK.  It also aims to ensure that VAT is paid correctly to the member state in which the supply takes place.

£400K Caravan and Lodge Sales VAT reimbursement agreed by HMRC

Caravan and Lodge ParksThis new calculation method has already resulted in one holiday park group receiving a re-imbursement of £400,000 and opens up the possibility for many others.  

Tax issues for farmers who diversify into holiday lets 

The demand for self-catering holidays is only growing but what are the tax issues that arise from diversifying into holiday letting?

Tax Investigations in the Hospitality Sector

Will the hospitality sector be a target for the Government when replacing depleted funds due to COVID?

Is the Coast Clear?

Is the coast clear for business owners and, in particular, caravan and holiday park owners in relation to Capital Gains Tax (CGT) and Inheritance Tax?

One third fall foul of new Capital Gains Tax rule

Were you hit by the new strict rules around Capital Gains Tax? Read more about how to avoid penalties..

Is your brewery or distillery eligible for Research & Development Tax Relief?

Innovation is a top priority in the brewing and distilling industry and there are corporation tax incentives available through the R&D Relief Scheme. 

Survey highlights businesses’ struggles following third lockdown and impact of Brexit

Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook

Capital allowances tips and traps

A common question from farming clients is, “why is my taxable profit different to my accounting profit?” There are a number of possible answers, but the most common one is the way the purchase of machinery and equipment is dealt with: