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New Investors’ Relief may help you reduce your CGT bill on shares sold after 6 April this year

Investment Relief was introduced in 2016 to encourage investment and entrepreneurial activity in the UK. In this article, Jill Springbett explains a relief many people may have forgotten exists. Shares subscribed for on or after 17 March 2016 may qualify for the new Investors’ Relief from Capital Gains Tax. To qualify for the relief, the […]

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Be prepared for changes to VAT in the construction industry

HMRC has long been concerned that missing trader VAT fraud in the construction industry is a significant source of lost tax revenue. In this blog, we look at the important changes to how VAT will be accounted for in the construction industry from 1 October 2019 in an attempt to recover this lost revenue. Missing […]

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A Spring Statement in the eye of the Brexit storm

The Chancellor rose in a parliament preoccupied with the ongoing Brexit drama to deliver a Spring Statement on the state of the economy. Mr Hammond made clear some while ago that he wanted his Spring Statement to be a short financial briefing and he stuck to a no-frills script. There were no new tax measures […]

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How will a hard Brexit affect VAT for UK import and export businesses?

With the UK’s scheduled exit from the EU on 29 March a matter of days away, we still have little certainty about the form of the exit or the effect it will have on businesses. The government has, however, issued some guidance for businesses should the UK crash out of the EU with no deal […]

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Act now to preserve your Capital Gains Tax reliefs for your former main residence

Tax-free gains made on selling your own home are being restricted from April 2020 with two reductions in the Capital Gains Tax exemption for the main residence. Gains made on selling a residential property are subject to Capital Gains Tax (CGT) at 28% (18% for basic-rate taxpayers). However, the gain relating to any period in […]

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Employee expenses – how to make the most of mileage rates and encourage eco-friendly travel

You probably know that you can pay the HMRC approved mileage rates for employees. You can also implement a more eco-friendly policy whilst saving you and your employees money. Approved mileage allowances You can pay employees tax-free sums for using their own vehicles for work, whether cars or vans. These are known as ‘approved mileage […]

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Are you ready for MTD – Making Tax Digital?  

Making Tax Digital or MTD – have you heard of it? Everybody seems to be talking about it from the Financial Times to the Daily Mail, so the chances are you have. But have you done anything about it or are you just hoping it will go away? It won’t, so here’s our quick guide […]

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Rare victory for football agent in VAT commission case

A significant VAT case was decided recently in the Court of Justice for the European Union (CJEU) in favour of a football agent in respect of staged commission payments. In a victory for common sense, in this case it was football agent one, VAT authorities nil. The VAT authorities claimed that the service of a German […]

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Jointly-owned property: have you done what it takes to get the split?

Investing in a rental property can provide a valuable source of additional income. If the property is owned jointly, each partner pays tax on their share of the income. But for married couples who own property together, it’s different, and there are tax planning opportunities where they can minimise their tax. Rental income for married […]

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Increase in Annual Investment Allowance should bolster future productivity

In a follow up to his recent blog on the new Structures and Buildings Allowance, Nick Muir considers the changes to the Annual Investment Allowance introduced in the recent budget. I recently wrote about the new Structures and Buildings Allowance (“SBA”) and commented on how I hoped this might in some small way help address […]

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New Structures and Buildings Allowance may lead to post-Brexit productivity boost

One of the least reported measures in the autumn budget may stimulate Britain’s productivity at a crucial time as we head towards Brexit. Nick Muir looks at the new Structures and Buildings Allowance. The single most important long-term success factor in any economy is productivity. And let’s face it, Britain hasn’t got a great productivity […]

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How would you value your business if you went on Dragons’ Den?

“Valuation is an art, not a science”, or so the saying goes. But as Nick Muir explains, business valuations are a bit of both. In this blog, Nick sets out some common approaches to business valuations and offers advice to anyone brave enough to enter Dragons’ Den. Dragons’ Den is back on our screens on […]

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mgr joins the ETL Global network

We are delighted to announce that mgr is partnering with ETL Global and has become a member of the ETL Global network. Joe Weston, mgr partner, says: “From a client point of view, nothing will change in the attention and care we provide on a day-to-day basis. The way the network operates means we will continue […]

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Foreign Entertainers Unit

Since the dawn of pop, the UK has been a major player on the world’s music stage generating over £2.5 billion in exports and attracting over £4 billion in music tourism in 2016 according to UK Music’s Measuring Music 2017 report.

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