There are two major changes to the VAT system on the way – both around April fools day
At this time of year we remind employers that the cost of parties and staff functions are not taxed on employees as a “benefit” if the amount is less than £150 per attendee. In most cases it is clear whether or not the cost is within, or over those limits. The limit is a cliff-edge; if the cost is £151 each, the full amount is taxable.
With the prolonged uncertainty of Brexit continuing on the horizon and with no sign of clarity any time soon, what a business owner craves the most is certitude so that they can make informed decisions for the current and future benefit of themselves and their employees.
There is rarely a month that goes by now without another press article of one of the major technology companies not paying their fair share of tax in a specific country.
During the Budget, the Entrepreneurs’ Relief (ER) rules were tightened by an extension of the ‘5% rule’.
Unlike those people whose estates it potentially affects, the proposal has made it back from the dead having been re-tabled on 5 November 2018.
Our automotive team, led by Paul Daly, advised Paul Brayley on his sale of a majority stake in Brayleys Motor Group to AW Rostamani.
Download our latest Dealsflash for more details.
This year’s edition includes again some great case studies from a range of international clients across a variety of industry sectors including: minerals, electronics and IT, energy, construction, media and communications, pharmaceutical, transport & infrastructure and retail.
On 29 October 2018 Philip Hammond delivered his latest body blow to the UK’s buy to let industry, seemingly aimed at the smaller scale end of that industry.
During his Budget speech on 29 October 2018 the Chancellor Philip Hammond announced a 2 year increase in the Annual Investment Allowance (AIA) from the current £200,000 level to £1m.