VAT & Tax
Get on top of your tax return
August 28, 2020
With everything that’s happened so far this year, it might be easy to forget your obligations to file a tax return for 2019/20 by midnight on 31 January 2021. The coronavirus pandemic and subsequent economic crisis has caused chaos with businesses...
Corporate tax planning In 2020/21
July 31, 2020
Even among those who follow good tax-planning practice and maintain forecasts running several years forward, it is unlikely that many foresaw the dramatic end to the 2019/20 tax year. With the arrival of COVID-19 and the subsequent lockdown, the...
The capital goods scheme for VAT
May 29, 2020
The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in full. The scheme usually applies to...
Inheritance tax planning in 2020/21
April 30, 2020
Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it. Benjamin Franklin observed there are only two certainties...
Dunkley's ATED guidance 2020
April 3, 2020
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000 on 1 April 2020. You will need to complete an ATED return if the property...
Personal tax planning for 2020/21
March 31, 2020
The Government left it to the very last minute to announce its tax plans for 2020/21. Fortunately, Chancellor Rishi Sunak had few surprises up his sleeve in last month’s Spring Budget. Three of the main taxes in the UK...
Cryptoassets: the revenue's tax stance
March 2, 2020
Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. One the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late 2017, the price of a single Bitcoin...
Active practice Sep 19
February 18, 2020
Are Jaffa Cakes biscuits or, as the name implies, cakes? This question is one of the most famous examples of the kind of debate that happens frequently in the world of VAT because precise definitions can make the difference between...
Taxes made easy
February 5, 2020
Practical tax tips to guide you through the tax system and help you plan to minimise your liability. Please use this guide to identify areas where you could take action, then contact us for advice and to discuss the most appropriate way forward.
Tax implications of providing company cars
January 31, 2020
Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the private use of...
R&D tax credits in practice
January 6, 2020
The UK tax system is complicated but research and development (R&D) tax credits can be especially tricky to understand. That’s partly because what counts as R&D, and what amounts to true innovation, is judged on a case-by-case basis against criteria...
Gearing up for self-assessment
November 29, 2019
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