Latest News

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.

Xero User News - Changes to e-commerce VAT in the EU

From 1st July 2021 the VAT rules on business to customer (B2C) e-commerce sales have changed. 

The changes, referred to as the ‘EU VAT E-commerce Package,’ aim to reduce barriers for e-commerce businesses selling across borders to end customers within the European Union, and can be used by businesses worldwide including those based in the UK.  It also aims to ensure that VAT is paid correctly to the member state in which the supply takes place.

£400K Caravan and Lodge Sales VAT reimbursement agreed by HMRC

Caravan and Lodge ParksThis new calculation method has already resulted in one holiday park group receiving a re-imbursement of £400,000 and opens up the possibility for many others.  

Tax issues for farmers who diversify into holiday lets 

The demand for self-catering holidays is only growing but what are the tax issues that arise from diversifying into holiday letting?