My client is a trading company and due to trading difficulties in the current year, they have made a loss in their trade, which they will carry back to the profitable previous year. They also have a rental property in the company that also made a loss, can they carry that loss back against the […]
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My client is an online retailer of cinema and theatre e-tickets. Since the announcements across the UK for relaxing COVID related restrictions there has been a surge in sales. The e-ticket is for admission only and can be used in certain cinemas and theatre chains nationwide, irrespective of the regional price differences for admissions. The […]
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I want to set up a discretionary trust for my grandchild with £100,000 cash but I have already gifted them £325,000 in cash directly so will I now have to pay inheritance tax if I set up this trust? To read the full article – CLICK HERE
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My client has a limited company that has acquired some land to develop. They are going to develop some high value residential properties that are going to be let out on a commercial basis to third parties. One of the properties is going to be the main residence of the sole director/shareholder of the company […]
read morePost-Brexit Import VAT Procedures. There are now three possibilities for businesses importing goods from both the EU and third countries, that is, anywhere in the world: The original procedure which is still in use, requires the importing business to pay the import VAT on clearance of the goods into free circulation and then claim […]
read moreRecovery Loan Scheme. The final stage of the Government’s loan packages will open on 6th April 2021, this scheme is expected to run until 31st December 2021. Businesses who have received prior COVID funding will be eligible to apply for a Recovery Loan Scheme, in so far as the business meets the qualifying conditions. […]
read moreOur latest Newsletter is designed to help you navigate the challenges of 2021. We continue to advise on the emergency support available via HMRC, focussing on repaying VAT deferred in 2020, and compliance with the Self-employment Income Support Scheme. Front page news: Just one click? Get to grips with what your Business Tax Account can […]
read moreLockdown Information | 5th November 2020 As England faces its second lockdown until 2nd December, there are number of new lockdown rules that apply for all businesses, including which businesses are able to stay open, amendments to the furlough scheme and further changes made by the UK Government. How will your business or employees be […]
read moreAlthough the first round of government Covid-19 (coronavirus) business support schemes are coming to an end, the fundamental problems caused by the pandemic are still very much with us. In acknowledgement of this, the government has cancelled the autumn Budget and announced various new measures in an unexpected Winter Economy Plan. We outline key aspects […]
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Do you need to know more about the Job Support Scheme and what it consists of. Will you be eligible? and how can you apply for it if so? The Job Support Scheme (JSS) will replace the Job Retention Scheme (JRS). You may know that the JRS has been in place since March 2020 to […]
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