News and Updates



Whilst we are all unsure how Brexit will play out, it is important to remember that it could happen as soon as 31 January 2020. If you deal with the EU either as a supplier or customer, fundamental changes to VAT will come into play on 11pm of Brexit day. These could...

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New Rules for Employment Allowance

The Government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how? Employment Allowance (EA). Since April 2014, most employers have been entitled...

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VAT Reverse Charge

The intention to introduce a domestic reverse charge for construction services was announced in 2017. The change will shift the responsibility for accounting for the VAT on ‘specified services’ from the supplier on to the recipient of the supply. The change will be...

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Employing close family – tax efficient or tax trap?

Having a spouse or your children on the payroll of your business can be tax effect as long as HMRC will wear it. Where do you stand if the taxman challenges your claim for a tax deduction? Tax deductible or not A particular area of contention between businesses and...

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Exempt employer payments for homeworking

There’s more than one way to compensate your staff tax and NI free for costs they incur when they work from home. The rules for each are quite different but is one more generous than the others? Three exemptions Despite the existence of three separate tax and NI...

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New SBA allowance and how it works

A draft legislation has been published by the government for the new structures and buildings allowance (SBA). While earlier announcements are confirmed, there are one or two surprises. How much tax relief can you expect? Who can claim? Most companies and...

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The new requirements for entrepreneurs’ relief

Changes to entrepreneurs’ relief announced at the 2018 Budget have now passed into law. How can you minimise the impact, and why might disposals in 2018/19 cause particular problems? Entrepreneurs’ relief recap Shareholders disposing of all or part of their shares in...

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Broadband vouchers for small businesses

As part of the Gigabit Broadband Voucher Scheme, small business can claim up to £3,000 against the cost of full fibre connection. This can either be individually or as part of a group project. Residents can also benefit from this scheme as part of a group project and...

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April 2020 changes to private residence relief

In July 2019 it was confirmed the government’s plans to:

  • reduce the final period exemption from 18 months to 9 months (unless special circumstances where 36 months); and
  • restrict the letting relief to cases where the owner is in shared occupancy.

Both of these changes will apply to disposals on or after 6 April 2020 and are retroactive.

As a result many landlords who once occupied a property before renting it will have a gain for an additional 9 months and no longer receive lettings relief which can be up to £40,000 and may therefore need to consider selling any properties before April 2020 where the change in the position will cause a significant increase in taxable gains once the changes come into effect.