Statistically 20% of companies did not claim the employment allowance when it was introduced in 2014/15 and it may have been missed in 2015/16 and 2016/17 as a result. The employment allowance came into effect from April 2014 and was originally £2000. It increased to...
Often with HMRC pronouncements surrounding tax avoidance we get no warning. An announcement is made out of the blue and tax professionals everywhere are left scurrying round trying to find the detail behind the headlines to see how it might affect their clients....
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...
Is your company innovating? Research and Development (R&D) tax credits provide extremely favourable tax reliefs for companies who engage in innovation. It is not just relevant to technology companies and qualifying R & D can be found in many different...
Accumulating, preserving and passing on family wealth There are several tax efficient options families can adopt to help them to accumulate, preserve and pass on their wealth. As ever, we would begin by ensuring that we have a clear understanding of your personal...
