Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
Individuals that own additional and buy-to-let properties have been under the HMRC microscope for a number of years now. And this focus by HMRC is set to continue. Following the reduction in relief for mortgage interest, plus increased rates of Stamp Duty Land Tax (SDLT) and Capital Gains Tax (CGT) on additional properties, HMRC are […]
From 1 October 2020, there will be a major change to the way that VAT is calculated for businesses in the building and construction industries. The change, known as the Domestic Reverse Charge, is being introduced by HMRC to try and tackle fraud in this industry. Who does it apply to and when? The Domestic […]
We understand that in order to be the best at what we do and continue to deliver Quality Advice-Quality Service, GWA needs the most knowledgeable and approachable employees. In order to achieve this, we recognise the requirement to invest in ongoing staff training – you will see us celebrating the resulting exam success in our newsletters. […]
Tax laws around the world have become increasingly complex in recent years with ever more scrutiny on tax evasion. The USA is no different, and the US Congress and tax authorities have been tightening up their compliance rules for US taxpayers with non-US income and assets. It is estimated that over 250,000 US taxpayers live […]
Spring is often described as the season of new beginnings, so it seems appropriate that 1 April was the launch date for, arguably, the biggest change in the UK’s tax system for 20 years. VAT registered businesses above the VAT threshold would be required to start recording their business transactions using digitally compliant software from […]