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By Graham Poles

7th June 2023

Airbnb tax probe: have you paid the correct tax on your holiday let income?

Airbnb and holiday letting landlords who fail to pay the correct income tax will face scrutiny from HMRC and in certain cases could face prosecution and penalties of up to 30% of the tax owed. Have you paid the correct tax on your holiday let income?

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By Armstrong Watson

3rd June 2023

June 2023 advisory mileage rates - is fuel benefit financially worthwhile for your motor dealership?

HMRC has published the fuel only approved mileage rates that apply from the beginning of June.

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By Nicki Hutchinson

1st June 2023

Avoid the VAT issues for new dwellings on farms

The shortage of affordable properties in many rural areas, means more farming businesses are looking at building new properties or converting buildings to provide accommodation for family members or workers. But what about the VAT issues that can arise?

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By Armstrong Watson

1st June 2023

2023 VAT fuel scale charges - now published

It’s that time of year when HMRC publishes the VAT fuel scale charges for the next 12 months.

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By David Hush

31st May 2023

Individual Insolvency Statistics January – March 2023

During Q1 2023, the Insolvency Service reported that there were 29,017 individual insolvencies. These comprised of 20,246 Individual Voluntary Arrangements (IVAs), 7,034 Debt Relief Orders (DROs) and 1,737 bankruptcies. 

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By Ann Probert

31st May 2023

HMRC and Time to Pay agreements – advice for directors

The availability of working capital is a real problem for companies in these challenging financial times. Time to Pay (TTP) arrangementrs allow viable companies who cannot pay on the due date to make payments to HMRC over a period that they can afford.

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By Armstrong Watson

30th May 2023

The McCloud remedy and its impact on the calculation of pension losses within personal injury and fatal claims

Historically public sector pension schemes were defined benefit schemes, with pension benefits determined by final pensionable salary. In 2015, the Government reformed public sector pension schemes, introducing Career Average Revalued Earnings (‘CARE’) pension schemes. 

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By Armstrong Watson

25th May 2023

Experienced Audit and Assurance Director joins Armstrong Watson

Armstrong Watson LLP, Accountants, Business and Financial Advisers are delighted to announce that Huw Nicholls has joined the team as an Audit Director.

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By Armstrong Watson

25th May 2023

7 tips to help your hospitality business through the summer season

With the holiday season now revving up, how can business owners in the hospitality sector tap into the increased voracity for socialising when faced with pressing challenges like the cost of living crisis? 

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By Emma Copley

25th May 2023

What type of pension do you have?

There are many different types of pension that you might come across, but the majority typically fall into one of these; Defined Contribution (DC), or Defined Benefit (DB). It’s worth understanding the basics of how these work, as it will have an impact on the options available to you, as well as how you plan to access your retirement benefits when you are ready to retire. 

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