Our cover article ‘Are you getting credit?’ looks at the tax incentives on offer for research and development carried out by small and medium (SME) UK companies. This follows the issue of the most recent HMRC statistics which indicate a very low portion of SME companies make claims for the reliefs available so we thought it might be time to read more
Furnished Holiday Lettings – Past, present and future
Our briefing provides a useful summary of the tax treatment of Furnished Holiday Lettings (FHL) now that various changes are finally law in Finance Act 2011. With all the chopping and changing of proposals over the last couple of years, we summarise exactly what the changes are, when they come into effect and the potential impact these changes may have. read more
Inheritance Tax Factsheet
Are you Will-ing to plan for IHT? Were you aware that Inheritance Tax (IHT) is due at 40% on all estates in excess of £325,000 with spouses having a combined limit of £650,000 before IHT is payable. If not, to make sure you take advantage of the planning opportunities which exist, we have produced this useful briefing to help you read more
Winter 2011 Newsletter
HMRC continue to get tough on overdue taxes. Our front cover article summarises the latest position and offers advice on what action you might take if you receive one of the many debt letters they are sending. HMRC are also busy issuing penalties but appeals to the tax Tribunal continue to flow and this has led in some cases to read more
Cheadles in the Express and Star
We made it onto the front page of the Express and Star Express & Star article
Spring 2011 Newsletter
Our cover article focuses on the importance of keeping business records following the announcement of a new initiative by HMRC, where they intend to check up to 50,000 business records annually, and exact penalties for what they consider to be significant failures. Another area commonly under HMRC scrutiny is tax relief on motoring and travel related expenses. In ‘Avoiding travel read more
VAT Increase
Increase in the standard rate of VAT In his Emergency Budget speech on 22 June 2010, Chancellor George Osborne announced an increase in the standard rate of VAT from 17.5% to 20% to be effective from 4 January 2011. There are no changes to the zero or reduced rate (5%). This article sets out some of the key issues for read more