News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
Museums and Galleries Exhibition Tax Relief claims
Sean Douglass, Audit Partner at Bates Weston considers Museums and Galleries Exhibition Tax Relief (MGETR) claims – who can claim it, what can be claimed for and what it is worth.
Cost of professional tax advice
HMRC seems to confirm that the cost of professional tax advice does indeed represent good value for money.
Regular check ups on the financial health of your business
Regular check ups on the financial health of your business, particularly on cashflow, let you spot and resolve potential problems before they become major issues.
Employee Ownership Trusts
The use of Employee Ownership Trusts (EOTs) by private companies has risen in popularity, but are they right for your company?
Rishi Sunak and Capital Gains Tax
Did Rishi Sunak’s Conservative Conference speech give any clues about his plans for Capital Gains Tax?
HMRC delays Making Tax Digital for ITSA
Although the government has delayed its plans for the introduction of Making Tax Digital for ITSA (Income Tax Self-Assessment), Bates Weston urges self employed and landlords to make the move to digital record keeping sooner rather than later.
Covid support measures ending 30 September
Here is a quick recap of the Covid support measures ending on 30 September 2021
Covid-19 Response: Autumn and Winter Plan 2021
A summary of the government’s Autumn and Winter 2021 Covid Response, including Plan A and Plan B, should the threat to the NHS become overwhelming.
Residential Property Developer Tax Draft Legislation
Government releases draft legislation on Residential Property Developer Tax for technical consultation. Clarifies definitions of residential property and associated activities.
What VAT rate applies to the hospitality industry from 1 October 2021?
Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
Health and Social Care Levy
A summary of the PM’s statement on Health and Social Care, the introduction of the 1.25% Health and Social Care Levy from April 2022 and the lifetime cap on care costs of £86k from Oct 2023.
Penalties for late submissions to HMRC
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
Chartered Institute of Taxation responds to HMRC’s consultation on basis period reform
A summary of the Chartered Institute of Taxation’s response to HMRC’s consultation on proposed basis period reform, allocating trading profits to tax years rather than accounting years.
Residential Property Developers Tax (RPDT)
The government’s consultation on a potential new tax, Residential Property Developers Tax (RPDT) closed last month. RPDT if enacted, will tax profits made from residential property developments from April 2022.
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