Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
11 December 2019
What tax changes could the election result bring about for rural businesses?This year the festive period has been commandeered by the politicians. Not only do we have the usual tasks of pre-ordering the turkey and stocking up on the sherry, we also have to get to the polling booths tomorrow and cast our vote for the future. After the election result on the 13 December, we will have the fallout to manage, along with a UK and Scottish budget to plan for in the New Year and finally our ‘exit’ from the EU on 31 January. There are certainly significant changes ahead for our tax system as we know it - so how can we plan in what is a time of flux, and what hints have we got from the Ghost of Christmas Yet To Come as to what these changes might be?
05 December 2019
Investors’ Relief – the forgotten about relief?Investors’ Relief was introduced by George Osborne in the March 2016 Budget as part of the Government’s continued focus on encouraging patient capital investments. The introduction of the relief was completely unexpected and therefore considerable fanfare was made at the time.
05 December 2019
The benefits of submitting your ‘elf’-assessment tax return before ChristmasThe tax return final submission date of 31 January 2020 is a deadline not a target - it is also the last day for paying 2018/19 tax liabilities without incurring late payment interest charges. So why not get your tax return out of the way before Christmas this year?
17 October 2019
Are you actually Farming?This may seem like a strange question, especially for someone who has lived and worked on the same farm for most of their life. However, where a farmer has perhaps sold off their stock and has rented out their grass to their neighbour, HMRC may argue that you are no longer actively farming.
Nicola Sargeant
Tax Director
25 September 2019
Are you aware of the Capital Gains Tax changes coming into effect 6 April 2020?The current tax rules for non-UK residents selling UK property that require a non-resident capital gains tax (CGT) return to be completed are to be extended from 6 April 2020 to include the sale of UK residential property by UK residents.
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