SDLT Payment Pressures

As of 31 March 2019, SDLT is now due for payment 14 days after the completion of the transaction. Given the cashflow pressures of this it will be more important than ever to get the SDLT liability right and take advantage of any reliefs available. Multiple Dwellings...

Claiming Entrepreneurs’ Relief on dilution

Cassandra Graham, Tax manager at Bates Weston, explains the elections you can make to protect your Entrepreneurs’ Relief on dilution of your shareholding. As ever, this article is general in nature and you should take no action based upon it without first...

What now for the Loan Charge?

Richard Coombs, Tax Partner at Bates Weston, looks at the outcry against the retrospective nature of the loan charge, effective from the beginning of April 2019. You would be forgiven for thinking that now that April has passed then the loan charge is now a done deal...

MTD – What is a digital link?

What is a digital link and how not to break it! So, we’ve heard lots about Making Tax Digital for VAT, and we know that if our business’s taxable turnover is over £85,000, we have to keep our business records in digital form and file our VAT returns using functional...

Autumn Newsletter 2018

In this edition of our newsletter Richard Coombs, Tax Partner reminds us that it is not too late to secure a settlement deal with HMRC if you have been involved in an Employee Benefit Trust or contractor loan, but you really must act now, before the loan charge comes...

Share incentives

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...