Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
15 July 2020
Chancellor announces review of Capital Gains Tax – could tax rises be on the horizon?Chancellor Sunak has requested a review of Capital Gains Tax rules by the Office for Tax Simplification (OTS), which has sparked speculation that there could be a rate increase on the horizon, to help pay for the billions spent to help support the economy during the coronavirus pandemic.
Nicola Sargeant
Tax Senior Manager
13 July 2020
30-day reporting of CGT on disposals of UK residential propertyReporting and payment of capital gains tax (CGT) on the sale or disposal of residential property is now live on HMRC’s website, with the deadline of 31 July 2020. Nicola Sargeant, Tax Manager, explains further.
10 July 2020
Is there a case for a registration/accreditation system for R&D tax advisers?Whilst professional and ethical standards apply to members of the professional bodies such as the CIOT and ICAS, there is currently no requirement for an R&D tax adviser to be a member of such a body, or to have any particular qualifications.
09 July 2020
Changes to SDLT and LBTT announced to boost housing marketBoth the UK Chancellor and the Scottish Finance Secretary announced temporary cuts to Stamp Duty Land Tax (SDLT) and Land & Buildings Transaction Tax (LBTT) in their Summer Economic Updates.
09 July 2020
The Chancellor’s Summer Statement - The future is ‘green’In today’s summer statement the focus is on Britain’s bounce back being ‘green’. Numerous announcements were made to add further fuel to the UK’s drive towards a green economy.
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