A Government review leading to changes to BIK Tax will likely see more company car drivers move to greener vehicles in 2020/21. Company car drivers that choose an (EV) electric …
ONS Research reveals UK firms are spending more on R&D
A recent study by the Office for National Statistics (ONS) has shown an increase in spending for UK businesses on Research and Development (R&D) in 2018. Expenditure has increased from …
Are you up to date on the Changes to Capital Gains Tax reporting on Residential Properties?
The government has recently announced changes to Capital Gains Tax reporting for residential properties, but what are the key things you need to know? Richard Gold of Barnett Ravenscroft Accountants …
HMRC penalties are on the rise, don’t get caught out
A new report has shown that the HMRC have more than doubled the number of penalties that it hands out for ‘deliberate’ errors on tax returns. 31,500 of the harshest …
How small and medium-sized businesses are using payroll systems to drive efficiency
We now live in a world where there is no escaping conversations about data and systems. As government and legislative obligations increase for business owners, accountancy software developers are continuously …
The Government’s Independent Tax Advisor recommends a reduction in seven-year gifting rule
The Chancellor requested a review of inheritance tax, which resulted in recommendations for its simplification. The report by the Office of Tax Simplification (OTS) resulted in 11 recommendations, including: Reduce …
New British Chamber of Commerce Research suggests UK tax system is ‘fundamentally unfair’
A new research report by the British Chambers of Commerce (BCC) has found that UK businesses feel that the UK tax system is ‘fundamentally unfair’ and that firms want more …
Client due a £10,000 VAT refund after inspector writes his report easily due to how ‘well the records were kept’
View PostMaking Tax Digital Takes 7 Days – Are You Ready?
With only days until Making Tax Digital for VAT (MTD for VAT) comes into effect on 1 April, HMRC has issued a notice to UK businesses that they need to allow …
Spring Statement Summary – what you need to know
From Making Tax Digital and changes to entrepreneurs relief to considering capital allowances. We have a handy summary of everything you need to know about the Spring Statement. Amid economic …
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