Company News

Other Matters – Budget 2020

VAT E-publications The government will introduce legislation to apply a zero rate of VAT to e-publications from 1 December 2020, to make it clear that e-books, e-newspapers, e-magazines and academic e-journals are entitled to the same VAT treatment as their physical counterparts. Tampon tax From 1 January 2021 the government will apply a zero rate…
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Personal Tax – Budget 2020

The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance will remain at the same level in 2020/21 and then increase by CPI. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income above £100,000….
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Business Tax – Budget 2020

Corporation tax rates Corporation tax rates have already been enacted for periods up to 31 March 2021. The main rate of corporation tax is 19%. The rate for the Financial Year beginning on 1 April 2020 was due to fall to 17% but the Chancellor has announced the rate will remain at 19%. Capital Allowances:…
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Charlotte Garford wins John Beere Prize 2019

We are delighted to announce that Charlotte Garford has been awarded the John Beere Prize 2019.  The prize was awarded by the Institute for Chartered Accountants in England and Wales (ICAEW) Nottingham, Derby and Lincolnshire for the highest marks for the Professional Level exams sat in the 2018 academic year.  Charlotte said “It was a…
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Spring Statement 2019 – Introduction

Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on…
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Spring Statement 2019 – Business Tax

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information…
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