We are pleased to provide our summary of the March 2020 Budget which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech. We hope to provide an …
Everything you need to know about IR35 and off Payroll working
At the 2018 Budget, the Chancellor announced that the ‘off-payroll’ rules will be rolled out to most private sector businesses from 6 April 2020. The only exclusion is ‘small business’ …
Purely Electric Vehicles Will Be Exempt from BIK Company Car Tax in 2020/21
View PostONS 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’
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