Michelle Malone, Head of Tax Automotive, discusses the recent cyber attack on automotive retailers, Pendragon, and highlights the importance of cyber security for motor dealerships.
It is the time of year when farms and farm buildings change hands. Here we explore the tax issues that need to be considered – both Income tax and Capital Gains Tax.
Andrew Robinson gives examples of how farmers are adapting their farming methods for the future, and reaping the benefits, rather than looking sceptically over the hedge at those doing "different things".
Hotel, restaurant and public house owners are currently looking hard at their profit and loss accounts. In these testing times, without adequate working capital, owners must look to their balance sheets for options that will allow them to trade.
It is common for traditional farm buildings to become unsuitable for modern farming methods, or for a change in farming policy to result in empty buildings. It may make sense to refurbish these buildings so that they can be rented out for non-farming use, and in this article, we will look at the VAT issues that might arise.
With all of the changes that have occurred recently within Parliament, it is easy to lose track. Here we will try to summarise the tax changes that will impact farming businesses, as it now stands, in late October.
No one could have predicted when Kwasi Kwarteng stood up in parliament to make his first fiscal statement that 3 weeks later the vast majority of his announcements would be reversed, or indeed that his first (mini) budget would be his last.