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.
Latest news & events
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.
UK economy saddled with tax burden a fifth higher than the global average
The UK is inhibiting its economy with a tax burden 18% heavier than the global average, and should consider setting a specific target for overall tax take.
Government to proceed with controversial offshore bank account legislation despite criticism from lawyers and accountants
George Osborne announced this morning that a new strict liability criminal offence will be introduced for those holding undisclosed offshore accounts.
Taxflash: Mileage rates – April 2015
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
Taxflash: Eclipse 35 Court of Appeal decision
18 February 2015
Eclipse decision may prove decisive victory against much tax avoidance.
Taxflash: UHY engaged to challenge the legality of APNs
12 February 2015
There is very real concern regarding the legality of HMRC demands, in particular the issue of APNs. We have been engaged to challenge this legality with two judicial reviews due to be heard in March and at least one other en route.