UHY Ross Brooke Chartered Accountants
For some years the government have recognised that the IR35 rules have not been working and introduced legislation in April 2018 to tackle the tax gap but only in relation to those working in the public sector. In the 2018 Budget the government announced that business will become responsible for
In his 2018 Budget, the Chancellor announced a new “Structures & Buildings Allowance” (“SBA”) for new non-residential structures. “Hark, it’s an Industrial Buildings Allowance”, I hear you cry! And you probably wouldn’t be too far off the mark. Relief is available for eligible construction costs incurred on or after 29
Once again, we approach tax year end, with some thoughts on what to do to ensure you are tax optimal! Accountants and Financial Advisers alike provide their hints and tips to their clients on how best to maximise their wealth through a variety of strategies which include investment, tax-efficient saving,
As a consequence of the increasing amount of missing trader VAT fraud in the construction industry forthcoming changes will alter the way that vat is calculated and paid by affected businesses. From 1 March 2021 supplies of both labour and materials made by sub-contractors to contractors will be made under
Developments in the world of blockchain and crypto currency move fast and much has changed since HMRC’s original guidance on the subject of crypto currency published in 2014. In that original guidance there was a suggestion that dealing in crypto currency was so risky that it could be compared to
Since its introduction IR35 has been fraught with uncertainty and it has never produced the millions of extra tax revenue that the Government predicted. HMRC have very few officers working on IR35 cases and following numerous defeats before the Tax Tribunals the Government have decided that a different approach is
We are delighted to announce that we have successfully submitted our first VAT return under the new Making tax Digital for VAT service #MTDfB. This makes us one of the first firms in the country to do so and ensures that the remainder of our clients can be confident that
With Brexit looming no-one was really expecting any earth shattering news but better than expected tax receipts allowed the chancellor to make some welcome tax cuts whilst taking the opportunity to tighten up some perceived abuses. Described by himself as his “rabbit out of the hat” he heralded an increase
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules are, who they apply to or when they start. The new rules will apply for
At the very heart of direct taxation for the self-employed is the concept of “wholly and exclusively for the purposes of the trade”. In order for an expense to be tax deductible the sole purpose of the expense must be for the trade. If there is any duality of purpose