Cassandra Graham, Tax Manager at Bates Weston, considers the new conditions and restrictions on Entrepreneurs’ Relief post Budget. The Budget 2018 brought in unforeseen changes to Entrepreneurs’ Relief which turned a relatively straightforward piece of...
In his Budget speech yesterday, Philip Hammond described his Budget as one for hard working families; for strivers, grafters and carers. On several occasions he repeated the phrase “austerity is coming to an end” (not “at an end” as the PM had said), before announcing...
Does the 3% stamp duty land charge surcharge always apply when buying a second home? Graham Buckell comments: “As most people are aware there is now a 3% stamp duty land tax (“SDLT”) surcharge if buying a second home. This cannot always be avoided particularly...
We have recently advised a family business where no one qualified for Entrepreneurs’ Relief. Craig Simpson focus’ on the availability of Entreprenurs’ Relief and trust holdings. “This is a first in my experience, but the client was rather surprised....
HMRC have published their long awaited guidance on the Phoenix TAAR. The rules were introduced from 6 April 2016 to combat a common tax planning arrangement whereby a company traded for a period of time accumulating cash in a low corporation tax environment. The...
Frequently asked questions regarding Making Tax Digital, answered by Stuart Hulland our online accounting specialist. If you have more questions for Stuart, please do get in touch with him. stuarth@batesweston.co.uk What is Making Tax Digital – MTD? The...