Latest News

The VAT domestic reverse charge for construction services (CIS)

From 1 March 2021, there will be a significant change to how suppliers in the construction industry supply chain account for VAT. The changes will apply to businesses making or receiving specified services that are reported under the Construction Industry Scheme (CIS).

Recharging Expenses subject to VAT

Stephen Ferrie, VAT Consultant discusses the conditions around recharging your expenses, subject to VAT,

Off-payroll Working Rules (IR35) FAQs

The off-payroll working rules are designed to ensure individuals working like employees but through their own limited company pay the same Income Tax and National Insurance contributions as individuals who are directly employed.

IR35 legislation overview

Who is impacted by the legislation?

IR35 legislation is expected to impact around 170,000 individuals who work through their own personal service company (PSC), who according to the Government would be deemed employed if engaged directly. However, it isn’t just those individuals who will be impacted, with the legislation also reaching to the following entities:

Capital Gains Tax increases – looking beyond the headlines

What are the Office of Tax Simplification (OTS) tax recommendations, and how will they affect farmers and landowners who are planning to sell assets in the next few years.

The future of agricultural support

The Government has committed to maintaining total spending on agriculture until the end of 2024, so money taken off the Basic Payment Scheme (BPS) payments will be available under the following new schemes.

Filing tax returns, late filing, time to pay, penalties and interest

An update on filing your tax returns and paying your tax bill by the 31 January deadline including information on late filing, time to pay, penalties and interest.

BREXIT: Branch v subsidiary in the UK

With the UK having left the EU, many European businesses are looking to create a presence in the UK.  Tax Director, Becky Bowness explains the tax reasons for establishing a branch or incorporating a UK subsidiary post Brexit.

Succession - Who do you Trust?

Do not underestimate how succession planning in the caravan park industry, as in many family businesses, can without a doubt be complicated.

Woodlands Tax Relief and Maximising Incentives

As the focus on climate change increases, the financial and environmental benefits of woodland of all sizes will come into focus.