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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43% increase in tax taken from Capital Gains to £5.5 billion in just one year
Taxpayers saw a 43% jump in their Capital Gains Tax (CGT) bills last year paying £5.5 billion in CGT in the last year* up from £3.4 billion the year before, according to our research.
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.
Proposed changes to the treatment of distributions in a liquidation
As part of the Summer Budget 2015 the government announced that it would publish a consultation on company distributions rules. The consultation was published on 9 December 2015
HMRC issue blanket offer to settle film schemes
23 December 2015
Investors in major film partnerships have been receiving letters from HMRC Counter Avoidance stating that HMRC are willing to settle their investigations.
Tax efficient employment rewards – the next five!
18 December 2015
In yesterday’s blog we revealed five ways to reward your workforce in a tax efficient today. In today’s blog we reveal our final five tips.