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New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. The new rules are called "the domestic reverse charge for supplies of building and construction services".

January 2021

Welcome to the January 2021 issue of our newsletter.

Brexit Update

The transition period for the UK leaving the EU has ended. The EU and UK have struck a trade deal, and this has been ratified by the UK Parliament so from 1 January we are trading with the EU quota and tariff "free". There are new Customs regulations and VAT requirements to get to grips with, but we have every confidence once we get used to the new system imports and exports will continue to flow.

December 2020

Welcome to the December 2020 issue of our newsletter.

Special COVID-19 & Tax Newsletter - October 2020

Chancellor Rishi Sunak has announced increases to the coronavirus (COVID-19) financial support measures first outlined in the Winter Economy Plan. Our newsletter provides details of these measures and further tax changes. We hope you find it useful. Please contact us if you wish to discuss any issues.

October 2020

Welcome to the October 2020 issue of our newsletter.

Special COVID-19 News Update September 2020

Headlines from the Chancellors statement in Parliament on 24 September 2020 and more detailed guidance, produced by the Government, to accompany the announcement by the Prime Minister on further restrictions.

Special COVID-19 News Update 31 July 2020

Recent headlines show concern over a second wave of the Pandemic and there are calls for more "intelligent" quarantine and airport tests. We are in a "New Normal" and it is clear from those businesses who are successfully coping is that being flexible is a key ingredient to making it through the next few months.

Special COVID-19 News Update 19 June 2020

As the Pandemic continues the government continually updates its business guidance so please check the articles below for anything that affects you or your business.

Special COVID-19 News Update 1 June 2020

In this newsletter we detail the latest Government supports and guidance. The Furlough scheme is changing, and we will keep you updated about your record keeping requirements in due course.

Special COVID-19 News Update

Further help and guidance as we continue through the crises and start to look beyond lockdown.

Special COVID-19 & Tax Newsletter

The latest information about the Coronavirus Job Retention Scheme, Self-Employed Grant Scheme, impact on the High-Income Child Benefit Charge and much more can be found on our Special Update newsletter.

February 2020

Welcome to the February 2020 issue of our newsletter.

October 2019

Our lead article looks at the question of tax, pensions, and high-earners – something that has had considerable press coverage this year. Stories of top NHS staff turning down shifts because of tax bills based on their pension contributions have made headline news.

July 2019

Our lead article looks at an important change for the construction industry: the introduction of the VAT domestic reverse charge. The charge takes effect from 1 October 2019, and will mean significant changes in invoicing and VAT return procedures for those involved.

May 2019

Capital expenditure is an important area for every business. There have been several changes to the capital allowances regime over recent months.

February 2019

The 'off-payroll' or 'IR35' rules have been adapted considerably since they were first introduced, and Autumn Budget 2018 announced further change to come. Our lead article provides an update in this area.

November 2018

The Enterprise Management Incentives (EMI) scheme is a tax-advantaged share option scheme that can work particularly well for smaller companies. It has had an unexpectedly chequered history this year, hitting the headlines in April when it ran into problems obtaining continued authorisation from the EU. A period of uncertainty followed, when it was unclear whether EMI options were eligible for tax relief.

July 2018

Making Tax Digital for VAT (MTDfV) is on the horizon. There is now less than a year to prepare for this momentous change in the way VAT registered businesses interact with HMRC. We cover this in our front page article.

Summer 2018

ATTENTION - all businesses with turnover above the VAT threshold

Spring 2018

Our lead article is of particular relevance to corporate clients, and covers the correct procedure to be followed when making dividend payments. Highlighting some common errors, the article offers guidance on best practice, and how best to avoid challenge from HMRC.

Winter 2017

This quarter we provide an update on changes to the pensions auto-enrolment regime. This entered a new phase from 1 October, with new employers coming immediately into compliance obligations. Further changes are on the horizon, with increases to minimum contributions due from April 2018. This makes a good time for employers to review their ongoing responsibilities under the regime.

Autumn 2017

This quarter we provide an update on the government’s new timetable for the roll-out of the Making Tax Digital for Business (MTDfB) programme. HMRC is now allowing a longer period for most businesses to prepare for change. Initially, MTDfB will apply only to businesses whose turnover is over the VAT threshold. These new rules will apply from April 2019.

Summer 2017

Our lead article provides a planning perspective to the proposed reduction in the Dividend Allowance from April 2018. Investors with quoted shareholdings can take some action now to reduce the impact of the reduction in this ‘tax-free’ allowance.

Spring 2017

This quarter we consider changes to the VAT Flat Rate Scheme (FRS) which allows small businesses to pay over VAT on all their sales at a flat rate rather than output VAT on sales less input VAT on purchases.

Winter 2016

This quarter concerns a new tax relief, Investors' Relief, which has been introduced with the aim of attracting investment in new share capital for unlisted companies. We look at the conditions which need to be met by the companies. Investors who qualify for the new relief will benefit from a reduced rate of capital gains tax on the eventual disposal of the shares.

Autumn 2016

This quarter we consider the National Audit Office report on the quality of HMRC service. It highlights some serious shortcomings particularly in their dealings with individuals' personal tax affairs which could have resulted in overpayments of tax.

Summer 2016

This quarter we deal with the Lifetime ISA. Although it is not scheduled to be introduced until April 2017, eligible individuals need to start considering whether the ISA will be a suitable vehicle for long term savings.

Spring 2016

Our lead article deals with the Personal Tax Account (PTA). A number of our clients have asked about PTAs and we answer some of your queries here. The PTA is an early step in the long path the government has embarked upon in its Making Tax Digital project.

Winter 2015

This quarter we consider whether your business may be at risk for 'failure of commercial organisations to prevent bribery' and the procedures that need to be put in place to reduce your business' exposure and to prevent prosecution under the Bribery Act.

Autumn 2015

Articles in this edition include Real Time Information submissions - no more automatic penalties, My homes are my castles (but may not be tax free) and Avoiding the Settlements trap.

Summer 2015

Articles in this edition include Shared parental leave and pay, Charities - audit or independent examination? and The new VAT treatment for prompt payment discounts.

Latest News

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Chancellor must use Autumn Statement to cement commitment to small firms

The Chancellor should cement the government's commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB).

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Inflation rate holds steady as UK economy grows

The UK's rate of inflation held steady in September while the nation's economy grew the month before, according to the latest figures from the Office of National Statistics (ONS).