VAT on caravan and lodge sales: is there potential for savings?

Alex Nicholson, VAT Director, explains all about VAT liabilities on caravans and lodges 

Inheritance Tax Simplification?

Dealing with the estate of someone who has died can be stressful, but it was generally not costly. 18 months ago, however, the government mooted the idea of increasing the fees in England and Wales - quite substantially. 

An interview with … Tony Woodhouse, semi-retired, Bedale

Background

Tony was looking for an independent financial adviser to help him review his income requirements as he was approaching his state pension age. Due to the introduction of the pension freedoms, he felt that he could not work through it alone. 

What do your law firm clients really want?

Many law firms focus on creating new year resolutions at the start of a new year, but Tom Blandford, Legal Sector Director, urges you to focus more on really knowing your specialst area in order to engage with your clients. 

Preparing for a ‘No Deal’ Brexit

Even by recent standards, it marks a strange day in Politics when a British Prime Minister views it as a successful result to be given a brief to go back to re-negotiate a deal which is already binding and the EU insists it has no intention of re-opening. Still no credible statement has emerged of what the mooted “alternative arrangements” to the backstop might look like.

The other amendment passed last week was a motion rejecting a no-deal exit. But that motion was passed by an even smaller majority and is not binding on Parliament.

Accountants not ready for Making Tax Digital

A recent survey* of accountants shows that 90% of advisers do not have a solution in place to offer their clients ready for the looming Making Tax Digital deadline in April 2019. In brief, Making Tax Digital (MTD) requires businesses to submit their VAT return information directly from their book keeping software to HMRC, with effect from 1^st April.

Don’t use spreadsheets to comply with Making Tax Digital

For businesses who maintain their financial records using a manual cashbook or spreadsheet you need to convert to a book keeping package which is MTD compliant, such as Xero, or adapt your existing system to an “API enabled spreadsheet cashbook”.

More men in the boat but does it make it faster?

Investment in technology, innovation and higher level skills is needed for long term manufacturing growth 

New Year Resolution – get your paperwork in order

Are you part of a farming partnership? Do you know what the annual accounts show in terms of ownership of the business? 

Annual Investment Allowance - Maximise the Reliefs Available

Annual Investment Allowance ('AIA') has been temporarily increased from £200,000 to £1m per annum for a two year period between 1 January 2019 and 31 December 2020.