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General News

Child benefit – what is the impact of not claiming?

Child benefit – what is the impact of not claiming?

Date posted: 2nd Nov 2018

Until 2013, when preparing a tax return, we did not need to consider any child benefit received as it was a non-taxable benefit. However, that’s all changed, and…

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HM Revenue & Customs set to re-work 2016/17 Tax Returns

Date posted: 1st Nov 2018

HMRC have announced that from 19 November 2018, they are to review around 30,000 2016/17 Tax Returns and re-work liability where they believe that their own calculator has…

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Supporting Parsons Containers Growth Plans

Supporting Parsons Containers Growth Plans

Date posted: 30th Oct 2018

Clive Owen LLP corporate finance partner Angus Allan has advised Parsons Containers Limited through an investment that will support the company’s ambitious growth plans. Maven Capital Partners, through…

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Are you subject to hidden pensions tax charge?

Are you subject to hidden pensions tax charge?

Date posted: 30th Oct 2018

Since April 2016, the amount that a high earning taxpayer could contribute to their pension has been limited. For those with ‘income’ of over £150,000, the annual pensions…

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Landlords interest relief changes – it may affect more than higher rate taxpayers!

Landlords interest relief changes – it may affect more than higher rate taxpayers!

Date posted: 29th Oct 2018

As you are probably aware, there are significant tax changes in relation to the tax relief available for finance costs (such as mortgage interest) particularly for those already…

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Budget 2018 – Predictions

Budget 2018 – Predictions

Date posted: 23rd Oct 2018

Philip Hammond will present the 2018 Budget on 29 October 2018 for the following year. Theresa May has already hinted that tax rises will be required to fund…

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Accounting firm swaps calculators for trainers for charity marathon relay

Accounting firm swaps calculators for trainers for charity marathon relay

Date posted: 22nd Oct 2018

Clive Owen LLP employees in York have joined forces and taken part in the Yorkshire Marathon relay to raise money for five charities close to the competitor’s hearts….

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Corporation Tax – Indexation allowance – time to use it or lose it?

Date posted: 22nd Oct 2018

As you may be aware, indexation allowance was frozen from December 2017. Therefore for any capital gains made by a corporate after January 2018, the indexation allowance will…

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Leading North East accountancy firm supports local foodbank

Leading North East accountancy firm supports local foodbank

Date posted: 16th Oct 2018

Clive Owen LLP in Darlington has supported King’s Foodbank with £500 donation raised through its staff room tuck shop. Staff have been ‘tuck’-ing into a range of tasty…

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North East Businesses – are you missing out on significant tax savings?

Date posted: 16th Oct 2018

In our view, many North East based businesses are missing out on tax relief for work undertaken on research and development (R&D). Before we lose you at this…

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