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CPD

To Leave or not to Leave? That is the question

By the time you read this you may well have the answer to this question! The EU agreed a deal, but at the time of writing, it seems Parliament is on a knife edge regarding voting for or against. Sajid Javid had intended to deliver his first Budget on 6 November 2019, but, with a…

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CPD

Tax advice for landlords

The tax rules affecting UK residential property have undergone substantial changes in the last few years. This is continuing, and some of the changes are highlighted below. Buyers beware! As a buyer of commercial and residential property, you should be aware that the time limit to file a Stamp Duty Land Tax (SDLT) return and…

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CPD

A new deal for tourism

Despite Brexit and the process of electing a new Prime Minister, the Government does seem to be getting some useful business done, although perhaps a bit under the radar. An example is the UK’s first ever tourism sector deal, announced by the recently ex-PM Theresa May. The new deal will revolutionise the way data is…

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Inheritance tax and pension changes for women

This month, thought I’d cover a couple of subjects, just to keep you on your toes! Inheritance tax (IHT) This is a subject that many people mistakenly think won’t affect them. After all, they might feel they don’t have much cash and that they are well below the limits where IHT kicks in. However, the…

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Survey highlights good weather was a major concern

The results of MHA Larking Gowen’s fourteenth Tourism, Leisure and Hospitality Business Survey have just been published. High on the list of challenges was the weather in 2018! The weather played a big part in the trading results for a lot of tourism businesses in the eastern region. For businesses in the tourism sector, 2018,…

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CPD

Electronic invoicing

Hopefully most of you will know that Making Tax Digital (MTD) came into effect from 1 April 2019, meaning that all VAT registered businesses trading over the VAT registration threshold of £85,000 will now need to submit their VAT returns using a compliant software. Those affected should now have suitable software in place. If not,…

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Being proactive in uncertain times

This is likely to be a landmark year for the economy and British business. At the time of writing, we still seem no nearer to achieving a negotiated Brexit deal that satisfies all parties. Like most, I’m not going to stick my neck out regarding what might happen and trust that it will all be…

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CPD

Tax tips from Larking-Gowen

When it comes to personal tax, there are always issues that get us accountants excited (well relatively!). Three current hot topics are: Claiming for tax deduction of clothing For many years clothing of any sort has not been tax deductible, unless it was for specific safety reasons. This stemmed from a famous case, which a…