Newsletter – New era for capital allowances

12th March 2019

Annual Investment Allowance Budget 2018 brought change to the capital allowances regime, including a two-year increase in the Annual Investment Allowance (AIA). This rises from £200,000 to £1 million for expenditure incurred on or after 1 January 2019. The £200,000 limit currently in existence gives 100% tax relief on expenditure on qualifying plant and machinery […]

Newsletter – Housing Wealth Inheritance Tax

10th January 2019

It will come as no surprise to have confirmation that it’s predominantly the older household that owns the UK’s housing wealth. International property experts, Savills, believe that 75% of the UK’s homeowner equity is held by the over 50s. Reflecting strong house price growth historically, their report also shows the over 65s owning 43% of […]

Newsletter – EMI: an eventful year

7th December 2018

It’s been an eventful year for Enterprise Management Incentives (EMI). EMI made headlines in April, when HMRC revealed problems obtaining continued EU state aid approval. After some uncertainty, it was announced that EMI continues unchanged – and new research underlines the importance of the scheme. EMI helps companies looking to motivate and retain staff, allowing […]

Christmas gifts and bonus payments

3rd December 2018

It’s that time of the year when you may be thinking about how to reward your employees for their support and help during the year. Some of the gifts you may have in mind are a Christmas meal, a bonus, bottle of wine or some chocolates. Whichever gift you decide on, we are here to make […]

HMRC Business Tax Account: is yours activated?

27th November 2018

Making Tax Digital (MTD) brings mandatory change to the way the public communicates with HMRC. Business Tax Account At present, taxpayers can use an HMRC online Business Tax Account (BTA) – and many already do so – but it’s not essential. This is changing. With MTD, there will be some things that taxpayers will only […]