Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
23 March 2022
Spring Statement 2022: Construction and Property IncentivesThere was nothing to get too excited about in the Spring statement, however, there was mention of some positive changes being considered for Capital Allowances, which will be developed further prior to the Autumn Budget in time to replace the super-deduction which runs through to April 2023.
07 April 2021
Budget 2021: FreeportsThe UK Government announced in its Budget on 3 March 2021 that eight new Freeports are to be created in England. Usually located around shipping ports or airports, Freeports, sometimes known as free trade zones, are designated areas where businesses can benefit from more generous tax reliefs, simplified customs procedures and wider Government support.
03 March 2021
Budget 2021: Construction and Property IncentivesDescribed by the Chancellor as “the biggest business tax cut in modern British history”, a super deduction was announced in the Budget allowing companies to cut their tax bill by up to 25p for every £1 they invest in qualifying plant and machinery. This is a positive move from the Government which will position the UK’s Capital Allowances regime as one of the most competitive in the world. Business rates relief for eligible retail, hospitality and leisure properties in England will also continue.
Laura Ritchie
Tax Senior Manager
04 February 2021
Annual Tax on Enveloped Dwellings – COVID 19 related queriesThe COVID-19 pandemic has impacted all businesses in different ways since March 2020. Businesses required to file an Annual Tax Enveloped Dwellings (ATED) return may be questioning how the COVID-19 pandemic will impact their 2021/22 ATED return, due to be submitted to HMRC by 30 April 2021. Laura Ritchie, Tax Manager, takes you through everything that you need to know.
18 November 2020
Welcome extension of the £1 million Annual Investment Allowances limitThe Government has announced that the planned reduction of the Annual Investment Allowance (AIA) from the temporary rate of £1 million to £200,000 on 1 January 2021 has been postponed. The temporary rate of £1 million will now be extended until 31 December 2021.
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