Latest News

UK Tax Implications post Brexit

Jim Meakin discusses the tax implications for UK businesses following Brexit on 31st October 2019.

Payroll Team Shortlisted for 3 National Awards

We're proud to announce that our payroll team have been shortlisted in 3 different categories at the Chartered Institute of Payroll Professionals (CIPP) Annual Excellence Awards.

The CIPP awards recognise the best in their field and Armstrong Watson’s nominations - and nominees - were shortlisted in the following categories:

What’s it worth?

I’m often instructed to value legal practices, whether that is part of advising on a merger/acquisition, restructuring, partnership dispute or retirement. Valuations have become increasingly important during the past couple of years, particularly as we have seen major changes within the ownership and trading structure of law firms. As we move forward into the post Legal Services Act era, and as external ownership of/investment in law firms is permitted, the valuation issues will become ever more important.

Compulsory purchase of land and Capital Gains Tax

There are Capital Gains Tax (CGT) consequences to consider when land is sold under a Compulsory Purchase Order (CPO). A sale like this may be involuntary and this is recognised by the tax system. This is by way of a form of rollover relief, which is similar but crucially different to that available to all trading businesses.

The increasing cost of death

The Taxpayers’ Alliance recently published its report on the cost of dying. The report looks at the taxes and charges which arise on death and concludes that it is becoming more expensive.

Nicki Hutchinson joins Armstrong Watson Northallerton as Accounting Senior Manager

Nicki Hutchinson joins Armstrong Watson's Northallerton team as Accounting Senior Manager and will offer accountancy and tax advice to family and owner managed businesses.

Where next for Inheritance Tax?

The Office of Tax Simplification (OTS) has made several announcements around tax legislation which could adversely affect farmers and other rural businesses in the coming years.

Will Inheritance Tax be simplified?

The Office of Tax Simplification (OTS) recently published its second report on making Inheritance Tax (IHT) simpler to understand and have proposed a range of recommendations. _­

Problems with VAT Direct Debit Payments

With the holiday season in full flow, it’s very easy to understand how the attention of businesses in the Hospitality sector is rightly focused towards guests, from quick turnarounds on accommodation changeover days to making sure quality and supply of food and beverages meet the ever increasing standards of the UK holiday maker.

Construction Retention's – it’s time for change

The construction retention is open to abuse, and contractors are potentially missing out on millions of pounds of unpaid invoices. Bill Bordill, a director at Escalate partner firm Decipher, explains why.