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Autumn Budget 2021 - Changes to Alcohol Duty

The Chancellor announced major changes to Alcohol Duty, reducing the number of duty rates bandings from 15 to 6.

Autumn Budget 2021 - Tax highlights for Larger Businesses

Whilst there weren't any huge surprises for large businesses in the Autumn Statement, there were some tax takeaways...

Armstrong Watson launches new partnership with Medical Defence Union

Armstrong Watson has teamed up with the Medical Defence Union (MDU), the UK's leading medical defence organisation, and its partner organisation the Dental Defence Union (DDU), to provide its members with access to tax, accountancy and business advisory services.   

New Tax Partner sees Armstrong Watson as ‘exciting opportunity’

Armstrong Watson LLP, Accountants, Business and Financial Advisers are delighted to announce that James Fraser has joined the team as Tax Partner. 

What taxes might the Chancellor raise in the Autumn Budget?  

The Chancellor has set the scene for further potential tax increases ahead of the Autumn Budget in order to put the country’s public finances on a “sustainable footing.” 

Rishi Sunak told the Conservative party conference he wanted to lower taxes but funding the pandemic recovery “comes with a cost”.  

National Insurance hike could have a significant impact on businesses

Armstrong Watson has warned that an increase in National Insurance Contributions for businesses could discourage the creation of new jobs and potentially put some at risk.  

Multi-million-pound IR35 penalties highlight need for advice

Changes to off-working payroll rules continue to cause compliance issues and with a third public body hit with a multi-million-pound penalty, businesses are urged to take advice.

Potato store tribunal highlights complexities of capital allowances for farmers

A recent tax tribunal concerning a potato store, emphasises the complexity involved when claiming tax relief on farm buildings.

Tax problems with farm cottages

It is commonplace for farming families to have a complicated property ownership history. This can result in a position where not everybody knows who owns a particular property and for family members to be living in houses owned by someone else. It worth then considering the tax consequences that can arise.

What are the proposed tax changes for the self-employed, sole traders and partnerships?

Unincorporated businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government – which could lead to some facing higher tax bills than expected.