Brexit Preparations, Deal or No-Deal

Brexit Preparations, Deal or No-Deal

In these very uncertain times, there is a possibility that the UK may be heading for a No-Deal Brexit. Our professional body, The Institute of Chartered Accountants in England and Wales (ICAEW) has brought together guidance around the issues you and your business may...
A game changer for Entrepreneurs’ Relief?

A game changer for Entrepreneurs’ Relief?

In the recent tax First Tier Tribunal (FTT) Potter case, it was ruled that the company activities were the key when determining whether it was a trading company for Entrepreneurs’ Relief, even when the majority of income and assets were derived from investment bonds....
The VAT domestic reverse charge delayed until 1 October 2020

The VAT domestic reverse charge delayed until 1 October 2020

HMRC delays the introduction of the VAT domestic reverse charge for at least a year. Since the publication of our original post below in August 2019,  HMRC has announced that the VAT domestic reverse charge will not be introduced until 1 October 2020. HMRC explains...