Why it\'s important to plan

May 20, 2014

Consider this case study:

Bill Smith, a self-employed electrician, purchased a brand new van 15 March 2014 for £18,000. Due to a downturn in the local economy his trading profits for the…

Read more

NIC employment allowance

May 15, 2014

HMRC have published further clarification regarding who can, or cannot, claim the new £2,000 a year NIC Employment Allowance. Extracts from the update are set out below:

Public authorities

Public…

Read more

Small business VAT scheme

May 13, 2014

If you are a registered VAT trader and your present turnover is below £150,000 you may be advised to take a look at the VAT Flat Rate Scheme (FRS).

FRS users pay VAT as a fixed percentage…

Read more

International tax competitiveness

May 09, 2014

David Gauke, the Exchequer Secretary to the Treasury, recently gave a speech to the Lord Mayor’s Taxation Forum. His presentation focussed on international tax competitiveness, and how the UK’s system…

Read more

Businesses in automotive supply chain to benefit from new grants

May 07, 2014

Skills and Enterprise Minister Matthew Hancock unveiled £25 million of additional support for businesses to take the lead in improving training for new and current employees. Businesses can submit…

Read more

Second incomes under HMRC microscope

May 02, 2014

In the first week of April 2014 HMRC issued guidance on its latest tax gathering campaign. The target group this time is UK taxpayers who have second incomes and are not presently declaring these…

Read more

David Cameron writes to crown dependencies

Apr 30, 2014

Our Prime Minister has written a letter to the UK’s overseas territories and crown dependencies promoting the value of a public register that would show the ultimate owners of companies registered…

Read more

Cars, business use, and tax considerations

Apr 29, 2014

There are a number of situations where care should be taken in the way in which claims are made for the business use of a vehicle, usually a car, which is also used for private purposes.

 We…

Read more

HMRC may be extending access to taxpayers' data

Apr 29, 2014

The Treasury has confirmed it was proceeding with plans to legislate making aggregated and anonymised data more widely available. In a published document HMRC said:

"The government has decided…

Read more

Sign up to our newsletter

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

Sign up