Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
24 July 2022
Notification of uncertain tax treatmentsWith effect from 1 April 2022, certain large businesses are required to notify HMRC where they have adopted an uncertain tax treatment (UTT) in a tax return filed on or after 1 April 2022.
14 July 2022
Taxation of UK resident ‘non-domiciled’ individualsRishi Sunak and his wife were the subject of much press scrunity recently, with discussion around the tax position of individuals who are resident, but not domiciled, in the UK - but what are the rules for the tax treatment available to ‘non-doms’?
29 June 2022
Are you aware of the tax implications of diversifying your farming business?In recent years, many farmers have considered diversification to improve the viability of their farming businesses. However, some may be unaware that moving away from their traditional farming activity could potentially jeopardise valuable tax advantages that are uniquely available to farming businesses.
05 April 2022
How changing land use could affect your tax positionIn the rural sector, the need to combat climate change has given rise to the potential for land owners and managers to receive income from new sources such as payments for carbon capture. This is potentially good news, but there could be some concerns from a tax perspective.
24 March 2022
Rishi Sunak’s Spring Statement seeks to balance the books against a turbulent backdropThe Spring Statement 2022 was delivered against the backdrop of an escalating cost of living crisis prompted by soaring inflation rates, a surge in energy costs, and disruption to supply chains following Brexit and the pandemic. With households and businesses alike feeling the squeeze, the pressure was on Chancellor Rishi Sunak to balance the books whilst supporting those in need.
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