Clamp-down on use of hybrid mismatches

Oct 14, 2014

The government has announced a clamp-down on the decade-long use of ‘hybrid mismatches’, a technique commonly used by multinational companies to significantly reduce their tax bills.

It is…

Read more

Construction industry tax penalties

Oct 13, 2014

 If any of your Construction Industry (CIS) returns are filed one day late, HMRC will charge an initial fixed penalty of £100.

 Additionally, if they have still not received that return:

  • two…

Read more

Understanding the new State Pension

Oct 08, 2014

This month sees the launch of a new service that provides a personalised written estimate of what you can expect to receive under the new State Pension system. This will be based on your work history…

Read more

Farming tax strategy - the herd basis

Oct 02, 2014

Farm animals are usually dealt with for tax purposes as trading stock: the costs of animals are deducted from monies received when the animals are sold and any resultant profit taxed as income.

However,…

Read more

US Treasury blocks tax inversions

Oct 01, 2014

A move by the US Treasury to close loopholes that encourage US companies to merge with foreign firms and relocate their tax residences offshore could stifle takeovers announced this year worth hundreds…

Read more

Wear & Tear Allowance (WTA)

Sep 29, 2014

If a property is let furnished - with sufficient furniture, furnishings and equipment for normal residential use – landlords can only claim tax relief for the furniture and equipment by way of the…

Read more

HMRC delays RTI penalties

Sep 29, 2014

From 6 October 2014, HMRC was due to include smaller employers in the penalty regime for late filing of Real Time Information (RTI) payroll returns for 2014-15.

HMRC have announced that this…

Read more

Business rates relief

Sep 29, 2014

There are a number of reliefs available to owners or tenants of smaller business premises. This article lists a number that can be claimed.

Small business rate relief:

You’ll get…

Read more

Autumn statement 2014

Sep 29, 2014

HM Treasury has announced that this year’s Autumn Statement will be made on 3 December 2014. Historically, this has been used to showcase the Government’s expected tax changes in the following year’s…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up