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.
In our experience, it is never too early to start discussing your options with an experienced advisor. Finding the right advisors, those who understand you, your business and the veterinary practice market, with a track record for delivering a successful sale is...read more
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...
We are looking for graduates to join our successful and progressive business. We offer excellent training, varied work experience and the opportunity to study for the AAT or ICAEW (ACA) professional qualification. We are looking for proactive, ambitious students, to...read more
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...read more
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...read more
Charity taxation From 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...read more
AN UPDATE ON THE IMPACT OF THE AUTUMN BUDGET ON ENTREPRENEURS RELIEF. Richard Coombs, Tax Partner at Bates Weston comments: “Whilst some commentators were predicting that the Chancellor would end the very generous capital gains Entrepreneurs Relief, he stopped short...read more
For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position. There are several ways that this assurance may...read more
Our client has a profitable business, dealing with high volume, low margin product which is subject to significant increases in raw material costs and extended supplier deadlines. The owners understandably prioritise satisfying customer demand over reducing the cash...read more
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...read more
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...read more
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...read more
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. firstname.lastname@example.org What is Making Tax Digital - MTD? The government...read more
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...read more
Bates Weston, helping you to make sense of Making Tax Digital and digital record keeping Making 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...read more