Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

VAT Domestic Reverse Charge for the Construction Industry – What You Need to Know

HMRC have announced that the introduction of the VAT Domestic Reverse Charge (reverse charge) for the construction industry has been postponed again. Originally, the reverse charge was to be implemented on 1 October 2019, but was pushed back 12 months until 1 October 2020. The government has now announced a further five-month delay to its […]

Read More »

Avoid the Cost of HMRC Investigation

Tax investigations by HMRC have been on the rise for a number of years. Anyone can be selected for an investigation by HMRC, whether you are a business, a director or an individual taxpayer. What does an investigation involve and why does it happen? Put simply, a tax investigation is when HMRC decides to take […]

Read More »

Proposed Changes Ahead for Inheritance Tax

If you intend to pass on money or assets following your death, your heirs could face an inheritance tax (IHT) bill of up to 40% of your estate. If the value of your estate is below the Nil Rate Band (NRB) of £325,000 or you leave everything above the threshold to your spouse or civil […]

Read More »

Company Cars – is now the Time to Switch to Electric?

Changes in tax legislation later this year mean that battery electric vehicles (BEV) and some plug-in hybrid electric vehicles (PHEV) will soon be exempt from company car tax. The new rules come into force from 6 April 2020. This may mean that buying ‘electric’ makes a company car purchase more attractive. From April 2020, the […]

Read More »

The £40,000 Value of Financial Advice

Financial advice is often considered to be a luxury, taken up by those with sizeable wealth. However, research suggests that actively seeking financial advice can play a valuable role in increasing the assets of those that seek advice, regardless of their initial financial status¹. The study confirmed that those who received financial advice in the […]

Read More »

News

Coronavirus/COVID-19: Latest Update 26 June 2020 – Summary of Finance and Business Measures

This article summarises the business support measures the UK and Scottish governments, along with other NGBs and organisations have introduced as a result of the COVID-19 outbreak. Last updated: 26  June: Local Grants Deadline 28 June 2020; Dairy Response Fund;  For each measure we have listed the date of the latest change. Simply click on […]


Blog

VAT Domestic Reverse Charge for the Construction Industry – What You Need to Know

HMRC have announced that the introduction of the VAT Domestic Reverse Charge (reverse charge) for the construction industry has been postponed again. Originally, the reverse charge was to be implemented on 1 October 2019, but was pushed back 12 months until 1 October 2020. The government has now announced a further five-month delay to its […]