by Admin | Oct 23, 2019 | Company News
There is currently a very generous 100% relief from inheritance tax for passing on businesses and farm land during lifetime and on death. The rationale for Business Property Relief (BPR) and Agricultural Property Relief (APR) is to enable businesses to be passed on... by Admin | Oct 15, 2019 | Company News
The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. Three conditions must be satisfied before the liability for a penalty payable by the company can be imposed on... by Admin | Oct 10, 2019 | Company News
From the 1st October, HMRC increased VAT from 5% to 20% for the installation of a number of renewable and sustainable energy sources, such as solar panels and biomass boilers. There are some exceptions to this rule, for which a 5% VAT will still apply. This will be... by Admin | Oct 2, 2019 | Company News
From 2016/17 those taxpayers with ‘adjusted income’ over £150,000 and ‘threshold income’ over £110,000 receive a tapered annual allowance. This taper potentially reduces the normal annual pension allowance from £40,000 down to a minimum of £10,000 which may result in... 