Update: July 2018 It is time to take action if your business has a taxable turnover above the VAT threshold of £85,000. The government has confirmed that from 1 April 2019 all VAT registered businesses with taxable turnover above the VAT threshold (currently £85,000)...
In an article published in September 2016’s Taxation magazine, Craig Simpson, partner at Bates Weston Tax LLP, examines the treatment of surplus cash in a company. Tha article is written as a discussion document for fellow professional tax advisers, however it...
Changes in the taxation of property income from letting residential property There have been a number of changes in the taxation of income from residential property which will be introduced over the next 5 years. The key changes are shown below. Please note that none...
Partnerships were common in many professional businesses where regulations prohibited them from becoming limited companies. The salaried partner was a “stepping stone” to becoming an equity partner, delivering partner status and receiving a salary rather than a profit...
R & D tax credits can be worth up to 230% of the money you have invested in eligible R & D this year and what’s more, you can claim R & D relief on expenditure that’s up to three years old. If you can answer yes to all three of the following questions you...
Historically most of the tax advantages from share incentives were targeted at larger companies. The exception, designed for smaller companies, was the EMI (Enterprise Management Incentive) scheme. The usefulness of EMI was drastically reduced in 2008 with the...
