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...
Charity taxationFrom April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: An increase from £5,000 to £8,000 in the upper limit for trading charities can carry out without incurring a tax liability where...
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 where...
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. Well-meaning trust...
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 government...
Graham Buckell explores the changing nature of employment status and the importance of ensuring all advice on employment arrangements takes into account the most recent changes."The last few months have seen a series of court decisions regarding employment status. We...
Bates Weston, helping you to make sense of Making Tax Digital and digital record keepingMaking Tax Digital (MTD) is the phased introduction of digital record keeping by HMRC, who are committed to making the UK tax system “one of the most digitally advanced tax...
This guide looks at some common areas where you and your family can make tax-related choices, in line with the tax law. We have tried to explain the ideas in brief and without jargon, but everyone’s financial circumstances are different, so it is essential that you...
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