Read our latest Practice News as well as sector specific and accountancy updates from across the UK.

Director-shareholders and loan transactions

There has been an increase in the rate of tax on loans to ‘participators’ from 6 April 2016 meaning it will be more costly for the company to make such loans. Changes to the personal tax regime from 6 April 2016 have meant that the receipt of interest by shareholders on loans they have made […]

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Cyber security for businesses

Businesses have a one in four chance in a 12 month period of being affected by an information technology cyber security breach, according to a government survey. The survey found that many of the breaches are a consequence of the internet. The most common breaches are viruses, spyware or malware (68%), and breaches involving impersonation […]

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Capital gains have become attractive again

From 6 April 2016, CGT rates have fallen from 18% to 10% for gains taxed at the basic rate and from 28% to 20% for higher rate gains. The tax rate will also reduce to 20% for chargeable gains of trustees and personal representatives. The new lower rates apply to most chargeable gains including shares […]

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Autumn News in Brief

Tax is Going Digital HMRC have now started the consultation process on ‘Making Tax Digital’, the biggest change in the administration and collection of tax information since the introduction of ‘Self-Assessment’ in 1996. Here at GWA, we are actively taking part in this consultation to help shape this into a tax regime that is better […]

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Autumn Staff News

We send our congratulations to Alan Potts who got married to Tracie Shennan on August 11th. Greaves West & Ayre would not be able to consistently deliver quality advice and quality service if it was not for the skill and commitment of its staff. We are proud of our low staff turnover and 2016 sees […]

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