Having now come to the end of a full year of application, an estimated £25 million of theatre tax relief has been paid back to theatre companies from across the country by HMRC. HMRC has released the first figures for this government tax relief scheme for theatres which was introduced in September 2014 following similar arrangements for […]
We’re delighted to announce a promotion with the appointment of Lisa Topliss to Director, joining Phill Dann on the Board. Lisa helped establish Bedrock Tax Ltd in 2015 having previously worked for EDF Tax Ltd, PKF, Deloitte and HMRC. She’s been a VAT specialist for more than 20 years, and is experienced in working with business […]
Property business incorporation – higher rates of SDLT Property business incorporation is a tax planning solution suitable for landlords running their property portfolios as businesses. The recently enacted changes to tax relief for finance costs have made property business incorporations even more compelling particularly for residential landlords as companies are not affected by these changes. Property […]
People who previously invested in film finance schemes have received letters from HMRC’s counter-avoidance unit offering them an opportunity to settle what has been a long-running tax dispute over the validity of the tax schemes. In their letter HMRC state that they are offering investors the opportunity to avoid further investigation and what could be substantial costs […]
HMRC has introduced a new policy paper which is an anti-fraud measure that removes the opportunity for fraudsters to charge VAT and then go missing before paying it over to the Exchequer in Missing Trader Intra-Community (MTIC) fraud.
The Government’s plan to change reliefs relating to property continue to make the headlines as more and more buy-to-let landlords talk of exiting the sector.
HMRC can vary the level of VAT paid on particular goods and from next year there will be an increase in the level of VAT paid on some renewable technologies.
HMRC has revealed details of their plans to make UK taxpayers manage their tax affairs online with the official launch of ‘Making Tax Digital’ which includes the introduction of Personal Tax Accounts (PTA) and increasing the frequency of tax returns for businesses who make a profit in excess of £10,000 a year.
The rules around buying and selling of property makes the whole capital allowances arena somewhat more complicated. Changes in the 2012 Finance Act introduced a layer of complexity, and risk, for all parties associated with a property transaction.
Tax and Christmas unfortunately do go together when it comes to HMRC regulations. Here’s our guide on how to stay on the right side of HMRC this Christmas.