...and what constitutes ‘substantial extent’. Gains that qualify for business asset disposal relief (BADR) are taxed at a reduced rate of 10%, but relief for company shares is not available if the underlying company carries on substantial non-trading activities. HMRC has long applied a strict 20% test, but a recent...
Room hire VAT exemption – taxpayer victory
A recent First-Tier Tribunal (FTT) decision in the taxpayer’s favour has helped clarify that room...Tax penalties – What is a ‘reasonable excuse’?
Having a reasonable excuse can be a get-out-of-jail-free card if you are charged a tax...Wealth tax – whatever happened to it?
A new wealth tax to counter the cost of the Covid-19 pandemic was the talk...
I was recently featured in the County Business Clubs Sussex podcast where I spoke about my story, my passion for business, and my about my journey.
Spring Statement 2022: key points at a glance, what it means for you, your family, your business, and the economy.
A business rates loophole will close in April 2023 for holiday lets and second homes in England. Read more here.
The Statutory Sick Pay Rebate Scheme (SSPRS), which ended on 30 September 2021, was reintroduced from 21 December 2021. Small...
With the end of the financial year approaching, tax year-end planning should now be on your radar.
Directors who abuse the company dissolution process to evade debts, including the repayment of government-backed Covid-19 business loans, will be...
