News

Property tax considerations and COVID-19

Property tax considerations and COVID-19

Date posted: 15th Jul 2020

Following the Chancellor’s recent announcement regarding the cut to stamp duty land tax (SDLT), the UK residential property market is expected to see an increase in transactions in…

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Tax residency and COVID-19

Tax residency and COVID-19

Date posted: 8th Jul 2020

Travel restrictions imposed by COVID may cause a tax headache for a number of individuals who are usually regarded as non-UK resident and as a result do not…

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R&D tax relief and COVID-19

R&D tax relief and COVID-19

Date posted: 8th Jul 2020

Tax relief for research and development (R&D) expenditure, remains an underclaimed corporate tax relief. Nevertheless, for those companies claiming the relief, it has proven to be a valuable…

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VAT concession to be withdrawn on solicitors search fees

VAT concession to be withdrawn on solicitors search fees

Date posted: 8th Jul 2020

Historically, HMRC have applied a concessionary treatment in relation to postal search fees, charged by solicitors.   This follows on from the Brabners v HMRC case, from a…

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Chancellor’s summer economic update – Covid -19 support update

Chancellor’s summer economic update – Covid -19 support update

Date posted: 8th Jul 2020

Coronavirus Job Retention Scheme 1. Timescale for furlough support programme The chancellor confirmed that the previously announced changes to the scheme will not be varied. The scheme will…

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Corporation tax repayments – Update to HMRC guidance

Corporation tax repayments – Update to HMRC guidance

Date posted: 23rd Jun 2020

HMRC has recently updated its company tax manual outlining when companies can make claims for repayments of corporation tax to include anticipated losses due to the exceptional circumstances…

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Reinstatement of Direct Debits for VAT

Reinstatement of Direct Debits for VAT

Date posted: 23rd Jun 2020

As has previously been reported, no UK business was required to make VAT payments in the period from 20 March 2020 until 30 June 2020. However, whilst Taxpayers…

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Tax Return Penalties – What’s A Reasonable Excuse?

Tax Return Penalties – What’s A Reasonable Excuse?

Date posted: 15th Jun 2020

Under normal circumstances, the Self Assessment Tax Return deadline for the 2018/19 Tax Return was 31 January 2020. If a Tax Return was submitted after that time, then…

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Can We “Furlough” the Company Car?

Can We “Furlough” the Company Car?

Date posted: 9th Jun 2020

During the lockdown period many employees and directors have not been using their company cars and it has been sitting on their driveway. You might think that means…

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New Authorised Economic Operator (AEO) Portal Dates

New Authorised Economic Operator (AEO) Portal Dates

Date posted: 9th Jun 2020

NEW AUTHORISED ECONOMIC OPERATOR PORTAL OPENS 1 JUNE The Government are still committed to the transitional Brexit period ending on 31 December 2020 and businesses trading with the…

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