With effect from 1 April 2014, if you are considering any commercial property acquisition you will require an additional level of tax due diligence to ensure you secure your capital allowances tax relief for future years.
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Distillery applications treble in a year as boutique spirits boom continues
The number of applications for distiller’s licences has more than trebled from 20 to 65 in just a year*, part of a boom in boutique spirits that has seen applications rise from just five in 2009-10.
UK consumers benefiting from one of the world’s smallest import duty burdens
British consumers benefit from one of the world’s smallest import duty burdens, thanks to a low tax take from import duties in proportion to the size of the UK economy, according to our research.
HMRC to target ‘app economy’ in pursuit of tax evaders
HMRC have announced plans to extend its data-gathering powers to target suspected tax evaders in the ‘app economy’.
Taxflash: Mileage rates – September 2015
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
New advice on tax-free Dividend Allowance
26 August 2015
The topic dominating professional discussions since the Summer Budget has been the Chancellor’s proposed new tax on company dividends. Our latest blog on the subject looks how the new tax allowance will fit within the structure of personal allowances and tax rates.
Landlords – are you prepared for the reduction of tax relief on mortgage interest?
14 August 2015
Following the Summer Budget one change that has raised attention amongst landlords, lenders and accountants is the reduction of tax relief on mortgage interest for landlords if you are a higher rate taxpayer.