Our VAT support service is a collaborative approach to supporting you with your day to day VAT queries, whilst allowing us to develop a strong working relationship with you. This support service often results in us identifying potential issues before they hit and enables us to put remedial measures in place to avoid high VAT charges or penalties.
A less well known and not so publicised change is that, from April 2017 onward, landlords must use a ‘cash basis’ to work out their income unless their property income is more than £150,000 a year or they are companies or partnerships.
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Our highly experienced team of tax advisory specialists work with our clients on a daily basis to provide the right tax solutions tailored to suit their needs. We have set out our key service offerings, covering all areas of international and corporate tax, VAT, private client and trust tax and financial planning.
So called ‘Tax Avoidance Schemes’ and ‘Premier League footballers’ have once again made press headlines following reports that 129 top level players are facing enormous tax bills due to their investments in film schemes in the early 2000’s. But is the demonising fair?
The EMI scheme legislation was introduced to help smaller, often start-up, companies to attract and retain high value employees. Employees may be granted an option to acquire shares in the company worth up to £250,000; at a point in the future or following a predetermined event.
HMRC have published legislation and a draft public notice outlining its plans for the digitisation of VAT accounting with effect from 1 April 2019. All VAT registered businesses should start to prepare now for the changes to the way they will need to keep their accounting records.
In broad terms, the changes will mean that gains made after April 2019 by non-residents of commercial properties, or the shares of the companies that hold such real estate, will be liable to UK tax. Gains made after April 2020 by companies will be subject to UK Corporation Tax.
If you thought tax was supposed to be getting simpler think again. From 1 April 2018 (and unfortunately this is no joke) SDLT will be abolished in Wales and replaced with land transaction tax (LTT) or ‘Deddf Tref Trafodia dau Tir’ as it is known locally.
Advisory rates only apply where employers reimburse employees for business travel in a company car or require employees to repay the cost of fuel used for private travel in a company car.