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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Latest news & events
Self-assessment IT problems ‘cast doubt over robustness of HMRC systems’
An ongoing systems failure with HMRC’s online self-assessment website has casted doubt on the tax authority’s IT systems.
Average tax rate paid by FTSE 100 resumes downward slide, falling to 23.1%
The average effective rate of tax paid as reported by FTSE 100 companies has resumed its downward slide, dropping to just 23.1% of profits last year down from 27.6% the year before, our research has revealed.
HMRC use of external debt collectors halved in a year
HMRC has halved its use of private sector debt collection agencies over the last year, with only £6.8 million spent on external debt collectors in 2014 compared to £14.8 million in 2013, according to our research.
Intermediaries and quarterly compliance reporting
7 July 2015
‘Employment agencies’ that place more than one worker with a client that do not operate PAYE must make the first of their quarterly information returns to HMRC by 5 August 2015.
Coming clean to HMRC
3 July 2015
In this era of ever-increasing information exchange – both domestically and cross-border – there is a high chance that any significant under-declaration of income, gains or assets will come to the attention of HMRC.
Who should I appoint as my Executors?
24 June 2015
It is estimated that over half of UK adults have yet to make a Will. One factor that puts people off is that the drawing up of a Will requires some serious decision-making…