News

Vans are cars?

Vans are cars?

Date posted: 14th Aug 2020

The Court of Appeal has recently ruled that certain modified vans are regarded as cars for tax purposes, rather than vans. This follows on from the original tribunal…

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North East LEP SME Restart and Recovery Grants

North East LEP SME Restart and Recovery Grants

Date posted: 10th Aug 2020

100% grant support opportunity for North East LEP area businesses SMEs based in the North East LEP area (County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and…

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VAT Treatment of Deposits, Flat Rate Scheme and Hospitality VAT Reduction

VAT Treatment of Deposits, Flat Rate Scheme and Hospitality VAT Reduction

Date posted: 6th Aug 2020

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a…

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CGT Increases Rumours

CGT Increases Rumours

Date posted: 6th Aug 2020

There has been a lot of speculation in the Press that the Chancellor may introduce radical changes to capital gains tax to start to repay the substantial Government…

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Property tax considerations and COVID-19

Property tax considerations and COVID-19

Date posted: 15th Jul 2020

Following the Chancellor’s recent announcement regarding the cut to stamp duty land tax (SDLT), the UK residential property market is expected to see an increase in transactions in…

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Tax residency and COVID-19

Tax residency and COVID-19

Date posted: 8th Jul 2020

Travel restrictions imposed by COVID may cause a tax headache for a number of individuals who are usually regarded as non-UK resident and as a result do not…

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R&D tax relief and COVID-19

R&D tax relief and COVID-19

Date posted: 8th Jul 2020

Tax relief for research and development (R&D) expenditure, remains an underclaimed corporate tax relief. Nevertheless, for those companies claiming the relief, it has proven to be a valuable…

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VAT concession to be withdrawn on solicitors search fees

VAT concession to be withdrawn on solicitors search fees

Date posted: 8th Jul 2020

Historically, HMRC have applied a concessionary treatment in relation to postal search fees, charged by solicitors.   This follows on from the Brabners v HMRC case, from a…

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Chancellor’s summer economic update – Covid -19 support update

Chancellor’s summer economic update – Covid -19 support update

Date posted: 8th Jul 2020

Coronavirus Job Retention Scheme 1. Timescale for furlough support programme The chancellor confirmed that the previously announced changes to the scheme will not be varied. The scheme will…

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Corporation tax repayments – Update to HMRC guidance

Corporation tax repayments – Update to HMRC guidance

Date posted: 23rd Jun 2020

HMRC has recently updated its company tax manual outlining when companies can make claims for repayments of corporation tax to include anticipated losses due to the exceptional circumstances…

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