Insights

Blog

Friday, 13 September 2019

HMRC Announce 12 month delay to introduction of the Domestic Reverse Charge for VAT

On Friday 6 September, HMRC issued Revenue and Customs Brief 10 (2019) announcing that the introduction of the Domestic Reverse Charge for construction services will be delayed for a period of 12 months, until 1 October 2020.

With just weeks to go to the introduction, HMRC have now responded to the concerns raised by industry representatives around the impact of the new measures.

Blog

Wednesday, 11 September 2019

Top 10 benefits of a management buy-out over a trade sale

An MBO, or management buy-out, occurs when a business is sold to its existing management team. A trade sale is when a business is sold to another, often competing, business. In this blog I explain some key benefits of an MBO.

Brochure

Tuesday, 10 September 2019

Helping you get back on your feet

Our options will depend on your circumstances and will be specific. There is a range of corporate and personal options available, as detailed in this brochure.

Brochure

Tuesday, 10 September 2019

Corporate Insolvency

Whilst we will always try to help you rescue your business, sometimes formal insolvency is unavoidable. This brochure will explain more about corporate insolvency. 

Brochure

Tuesday, 10 September 2019

Personal Insolvency

Your options will depend on your circumstances and will be specific. There is a range of personal options available, as detailed in this brochure.

News

Tuesday, 10 September 2019

Our 2019/2020 Manufacturing & Engineering Survey is now open

We are running a Manufacturing & Engineering Survey which will help to compile a nationwide picture of what the sectors think. This is our seventh annual survey and although none of us have access to a crystal ball, your views in the here and now will help our specialist advisers gauge where the sector is.

Blog

Monday, 09 September 2019

HMRC Preferential Status

On Budget day, all eyes are typically focused on potential tax increases, the state of play of UK finances and whether there will be a rabbit pulled from the hat which shocks and surprises us all.

Press Release

Friday, 30 August 2019

MHA Larking Gowen welcomes new apprenticeship students in Norfolk and Suffolk

MHA Larking Gowen is pleased to welcome new trainees to the firm. The students, who will be based across Norfolk and Suffolk, will each be completing either their AAT (Association of Accounting Technicians) or ACA (Association of Qualified Accountants) apprenticeship with the firm.

Blog

Thursday, 29 August 2019

Research and Development tax credit – the highest gross margin project you’ll undertake?

There’s a common misconception that your company has to be involved in rocket science to be eligible for Research and Development (R&D) tax credit

Blog

Tuesday, 27 August 2019

The SRA Accounts Rules 2019

The implementation date for the new SRA Accounts Rules is set for 25 November 2019.  On that date the current 52-rule SRA Accounts Rules 2011 will be replaced by the less prescriptive 13-rule SRA Accounts Rules 2019

Blog

Thursday, 22 August 2019

Conflict with Third Parties

Welcome to month eight of our publication, Using Conflict as a Catalyst for Change - A Guide for Embracing, Managing and Mitigating Conflict Within Your Charity.

News

Thursday, 22 August 2019

MHA Larking Gowen Ranks Joint First in Mergers & Acquisitions League Table

Published recently, the Experian Mergers & Acquisitions (M&A) report for H1 2019 ranked MHA Larking Gowen’s Corporate Transactions team joint top by deal volume in the region, with the firm advising on ten deals in the East of England.

Brochure

Monday, 19 August 2019

Furnished Holiday Lets

This guide briefly covers the tax issues involved with letting furnished holiday homes.

Blog

Monday, 19 August 2019

Leaving £1 million and pay no inheritance tax (perhaps!)

Over the years, there’s been a lot of talk about IHT tax reliefs and tax rates. At the moment, every adult has a £325,000 nil rate band.

Brochure

Friday, 16 August 2019

IR35 from 2020 for the large or medium business

Further to the Autumn 2018 Budget announcement, draft legislation to be
included in the Finance Bill 2019 is set to reform the intermediaries legislation – usually referred to as IR35 – with effect from April 2020.

Blog

Monday, 12 August 2019

How is the healthcare market faring in the current economy?

In recent years, business sales in the healthcare sector, specifically care homes and domiciliary care agencies, had slowed down, with buyer interest placed in the larger company acquisitions.

Brochure

Monday, 12 August 2019

IR35 post 2020 for the PSC

Further to the Autumn 2018 Budget announcement, draft legislation to be
included in the Finance Bill 2019 is set to reform the intermediaries legislation – usually referred to as IR35 – with effect from April 2020.

Blog

Tuesday, 06 August 2019

Countryside Productivity Small Grants Scheme closes 3 September

The second round of the Countryside Productivity Small Grants Scheme, administered by the Rural Payments Agency (RPA), opened for applications on 9 July 2019. 

Blog

Monday, 05 August 2019

A new deal for tourism

Despite Brexit and the process of electing a new Prime Minister, the Government does seem to be getting some useful business done, although perhaps a bit under the radar. An example is the UK’s first ever tourism sector deal.

Blog

Thursday, 01 August 2019

A new Chancellor of the Exchequer – what can we expect?

On 24 July, Sajid Javid was confirmed as UK Chancellor of the Exchequer.  At the top of the new Chancellor’s to do list will be whether to implement all of Boris Johnson’s tax and spending pledges made during the Tory leadership campaign and, if so, how.

Blog

Wednesday, 31 July 2019

The challenges of VAT in motor retail

Motor retail is one of the more challenging sectors to operate in from a VAT perspective.

News

Wednesday, 31 July 2019

Latest quarterly Insolvency Statistics

The latest quarterly Insolvency Statistics were released on 30 July 2019 by the Insolvency Service.

Blog

Wednesday, 31 July 2019

VAT recovery on investment management costs, not just an issue for charities.

In a long running battle, the University of Cambridge has challenged the way HM Revenue & Customs’ recovers VAT on investment funds of donations and endowments.  The University claimed that they should be able to claim back a proportion of the VAT because the investment returns were used to support wider business activities.

Blog

Thursday, 25 July 2019

The Tax Gap is increasing – what does this mean for you?

HMRC’s latest statistics reveal that taxpayers underpaid £7.4bn in tax last year, up 10% from £6.7bn in 2016/17. This represents 21% of the total UK Tax Gap last year (£35bn), which is an increase from 20% in 2016/17 (£33bn).

Blog

Wednesday, 17 July 2019

IR35 and workers who provide their services through companies etc

Whilst much noise has, and continues to be made about the proposed changes to IR35, which will take effect in relation to services provided to medium and large businesses in the private sector from April 2020 (draft legislation was issued last week), it largely falls on deaf ears within government.

Press Release

Monday, 15 July 2019

Accountancy firm brings life-saving equipment to the community

East Anglian-based accountancy and business advisory firm MHA Larking Gowen is extending its company wellbeing programme to reach beyond the doors of its offices.

Blog

Thursday, 11 July 2019

New pricing transparency rules for solicitors – are you complying?

New rules on pricing transparency for solicitors came into force on 6 December 2018. The rules require solicitors to publish their pricing and service information on their websites about certain legal services. 

Blog

Thursday, 11 July 2019

Saving inheritance tax by gifting: Potentially Exempt Transfers

The rules about PETs are a bit more complicated but, in summary, to be free of inheritance tax you need to survive the gift by at least seven years; although what’s known as taper relief arises after year three.

Blog

Thursday, 11 July 2019

When conflict can be just what your charity needs

Welcome to month seven of our publication, Using Conflict as a Catalyst for Change – A Guide for Embracing, Managing and Mitigating Conflict Within Your Charity. This month we focus on how sometimes conflict can be just what a charity needs.

Blog

Wednesday, 10 July 2019

Capital Gains Tax reporting: another crackdown on buy-to-let landlords?

Last month we looked at the example of Mrs Lambert, who sold her residence and realised a capital gain. At present her tax bill is £1,400 but HMRC are consulting on changes to a valuable relief that would see her tax charge increase to £14,700 if she sells the property on or after 6 April 2020

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