Home

Latest News

By Andrew Robinson

15th February 2023

How Basic Payment Scheme payments can impact your tax bill

While it can be complicated, there are two accounting policies for the recognition of BPS payments for tax purposes.

Read this post
Sales and tax data

By Morag Miller

13th February 2023

Tax Changes for Unincorporated Entities: Change in the Basis Period

The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!

Read this post

By Adam Pattison

9th February 2023

Companies House reform will lead to significant changes for businesses

Companies could soon see changes to the way they file their accounts as part of incoming legislation to help tackle money laundering and other illicit activity.

Read this post

By Armstrong Watson

9th February 2023

Basis Period Reform – what does it mean for my farm business

Farm businesses could face higher tax bills in 2025 as a result of changes being introduced by HMRC.

Read this post

By Helen Robinson

2nd February 2023

Energy Bills Discount Scheme provides further support for businesses

A new scheme to help businesses with their energy bills is set to be introduced.

On 9 January 2023, the Government confirmed the Energy Bills Discount Scheme (EBDS) will come into force from 1 April 2023 and will run through to 31 March 2024.

Read this post

By David Threlkeld

25th January 2023

Do I still have the correct structure for my business?

In light of recent tax changes, it might be worth considering whether a partnership or company is the most suitable way to operate your farm business.

Read this post

By Morag Miller

7th December 2022

New penalties for late VAT returns and payments

In the new year businesses and individuals who submit VAT returns late or miss their payment deadlines could be fined £200.

Read this post

By Armstrong Watson

22nd November 2022

Who is a Person with Significant Control (PSC) and what are their responsibilities?

Companies House has recently been writing to clients where they suspect that the PSC (Person with Significant Control) register is incorrect or has not been updated following changes in shareholders or ownership, as identified on the Companies confirmation statements.

Read this post

By Armstrong Watson

18th November 2022

Income Tax Basis Period Reforms

The Government announced a major reform to the way in which a business owner’s trading profits are allocated against the relevant tax year for income tax purposes – otherwise known as their ‘basis period.’

Read this post

By Armstrong Watson

17th November 2022

Autumn Statement 2022 - lacks incentives for business owners

Having recently written an article of the now infamous “mini budget” in which I talked about it being very much a budget favouring business, this Autumn Statement has, in stark contrast, reverted to one of increased costs and taxes for business.

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.