Are you one of those unincorporated businesses that don’t have a 31st March or 5th April Accounts year end? Then beware, following the basis period reform, the tax man wants more tax from you, and you may already be taking decisions and earning profits that will lead to that increased […]
Tag Archives: Tax
01
Jun
Jun
There has been a lot of chatter on Robson Laidler’s website and social media regarding R&D and the changes that have recently taken place. Whilst these changes have been notable, they are not exactly radical to the point where you need to rethink your entire R&D strategy. However, the additional […]
01
Jun
Jun
Usually, the mention of VAT makes people groan and mumble, probably because everyone has to pay it, whether it’s to fill up your car, ordering a pint, or even on a packet of Rolos as a treat for yourself (or maybe your kids if you’re feeling generous). Different Rates […]
17
May
May
One of the popular questions we get asked is about the provision of free eye tests and glasses by employers. Currently, the Display Screen Equipment (DSE) Regulations state that, if you are a regular user of visual displays and need an eye test, your employer must pay for the […]
11
Nov
Nov
At the start of the pandemic HMRC introduced several tax concessions to provide additional support to employees working from home but what are the tax implications of these additional perks? In the 2020/21 tax year, as an employee you may have received extra support from your employer to enable […]
Blog, Budget, Business, Employers, Events, Financial Planning, News, Pay, Personal Finance, Uncategorised
The Autumn Budget Statement – Tax Tricks or Treats?
29
Oct
Oct
On Wednesday 27 October the Chancellor of the Exchequer delivered the Autumn Budget Announcement. In the run up to Halloween we ask whether it delivered tax tricks or treats? The Autumn Budget Announcement trumpeted a “New Age of Optimism”, but there were ominous signs of tax increases to come. […]
15
Sep
Sep
Boris Johnson launched a new Health and Social Care Levy this week to replenish the country’s finances in the aftermath of COVID-19… It appears “unprecedented times” translates into unprecedented tax increases which depart from the Conservative party’s commitments to the triple lock on income tax, National Insurance Contributions (NICs) […]
11
Jun
Jun
It is no secret that many governments have struggled to tackle the tax challenges that arise from an increasingly globalised and digital economy. However, following years of discussion, on 5 June 2021 G7 agreed to back an historic international agreement on a global tax reform, which will push for […]
27
May
May
On 20 May 2021 the Office of Tax Simplification published the second part of its review of Capital Gains Tax (CGT). Whilst most taxpayers encounter income tax, National Insurance Contributions (NICs) and VAT every day, the report is concerned that many taxpayers are strikingly unaware of their obligations to report […]
25
May
May
Not many businesses operate without a bit of bad debt, although hopefully it is just the odd one! However, for tax purposes, there are different rules depending on the tax involved. VAT Relief On Bad Debts There are detailed instructions for VAT relief on bad debts which is set out […]