Finance - Page 5

Yesterday, Chancellor Jeremy Hunt delivered his Autumn Statement. We have sifted through the details and hope the following highlights, which we feel will be the most significant to our clients, will be helpful.

Golf clubs have several different income streams that often takes them over the VAT threshold for UK VAT. This leads them to submit a Monthly, Quarterly or Annual VAT return. Most commonly golf clubs will submit quarterly returns. For Golf Clubs, being VAT registered opens the door for them to have to complete a partial exemption calculation.

Members’ sports clubs take on many forms of business structure.  Two of the most common structures, Community Amateur Sports Clubs (CASC) and unincorporated Members’ Clubs.

Last Wednesday night (1 November) we held the first of two autumn Rural Seminars. Our first seminar hosted by our…

21 November 2023

Watch out for scams…  Protect yourself and your money HMRC is reminding customers to be wary of approaches made by fraudsters…

1 November 2023

HMRC has released a new tool to assist with understanding what a tax code means, how it is made…

Aged 18 – 21? You may have an unclaimed Child Trust Fund HM Revenue and Customs (HMRC) are advising that almost…

Following the Spring 2023 Budget, capital allowance rules are set to become more complex. The position is further complicated by the fact that the regimes for companies and unincorporated businesses differ, with some capital allowance claims only open to companies.

It has been announced that taxpayers will now have an extra two years to make any additional payments to their National Insurance (NI), this enables people to make contributions to increase their state pension entitlements.

Following the extension for mandatory short term holiday let licensing there is now less than two months to go…