Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues.
Trusts have become something of a political football in recent years and their use is often called into question with the implication that by putting a trust in place, the motives for doing so, are driven by tax avoidance and the wish to be not transparent about the ownership of the assets.
New penalties for submitting VAT returns or paying VAT late came into effect on 1 January 2023, and in the last month, we have started to see HMRC issue penalty correspondence to our clients.
Selling your Law Firm will be one of the biggest decisions you ever make. Once you have reached that point you are moving into a new phase where the asset that produced your income may now be providing you with a lump sum of capital (or a series of lump sums).
For a number of months now, Xero has been rolling out a new style for the reports it can produce, affecting everything from account transactions to balance sheets.
Lakeland Lamb is the product of a fifth-generation farming family. At the heart of their business is the breeding and rearing of premium lamb from Herdwick Sheep and cross-bred Herdwick-Continental breeds, which they supply to Booths meat counters.