More recent posts
-
R&D advisers – what separates the wheat from the chaff?
HMRC are increasing their scrutiny of R&D claims. It is now more important than ever to work with an R&D adviser who knows their stuff. HMRC’s investment in…
-
Safeguarding your shareholders
The very foundations of a business can be shaken in the event of a business owner’s death, with a number of implications for both the stability and viability…
-
Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to taxation in a statement which was billed as a “Mini-Budget” but which delivered £45…
-
HMRC enquiries on the rise
Following the pandemic, HMRC are now focusing their efforts on VAT, Corporation Tax and Income Tax enquiries. The last two years has seen HMRC prioritise those abusing the…
-
Reduced VAT rate available for property conversions
Applying 5% rather than 20% VAT can dramatically reduce the construction budget for a range of residential conversion and renovation projects. The conversion of a non-residential building into…
-
Does HMRC need to redefine family taxation?
The tax position for cohabiting couples is vastly inferior to their married equivalents. Is this now an outdated policy that needs reassessment? A recent study from the Office…
-
HMRC confirms property disposals must be reported twice
HMRC has confirmed that a capital gains tax (CGT) UK property return must still be filed using a paper return rather than via the online UK property account.…
-
R&D crackdown on tax relief claims
The Fraud Investigation Service (FIS) at HMRC is cracking down on incorrect, inflated or fraudulent claims. For those following the rules and correct procedures, HMRC clamping down on…
-
CGT window extended for divorcing couples
The government has published draft legislation which will give divorcing couples more time to transfer assets without incurring capital gains tax (CGT) charges. From 6 April 2023, married…