Thursday, 01 August 2019
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.
Wednesday, 31 July 2019
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.
Thursday, 25 July 2019
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).
Wednesday, 17 July 2019
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.
Monday, 15 July 2019
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.
Thursday, 11 July 2019
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.
Thursday, 11 July 2019
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.
Thursday, 11 July 2019
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.
Wednesday, 10 July 2019
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
Friday, 28 June 2019
Have you ever heard the saying, “Put not your trust in money but put your money in trust”? Actually, this advice is urging nineteenth century heiresses to protect their wealth, which would otherwise pass to their husbands, when they married
Monday, 24 June 2019
MHA Larking Gowen named national winners of the Working Families Best Practice Award for Best Flexible Working, the award establishes the East Anglian-based accountancy and business advisory group at the forefront of new thinking on the relationship between employers, employees, and their work.
Friday, 21 June 2019
MHA Larking Gowen exhibited in the #FarmMyFood event which took place on Friday 21 June at Elveden Estate. Our agricultural experts were there today giving the young teenagers an insight into agricultural accountancy and what the team here at MHA Larking Gowen do to help our agricultural clients.
Monday, 17 June 2019
MHA Larking Gowen, Corporate Finance Partner, James Lay, has been named as High Achiever 2019 for the European Region, at last week’s Mindshop annual conference, for his work advising businesses on maximising their potential.
Friday, 07 June 2019
We are living in changing times in the tax world. Following the reporting of several high profile cases in the press, tax planning that was once considered unexceptional is now seen as morally unacceptable tax avoidance. The spotlight has turned on those with offshore assets so, if this applies to you or you are either non-resident or non-domiciled and have an interest in an offshore trust, read on.
Thursday, 06 June 2019
If a business is operated through a limited company, there are two different approaches for a sale. Either the shares of the company are sold by the shareholders (referred to as a “share sale”), or the company sells its trade and assets, and the shareholders are left to liquidate the company and distribute the proceeds between themselves (referred to as an “asset sale”)
Wednesday, 05 June 2019
The results of MHA Larking Gowen’s fourteenth Tourism, Leisure and Hospitality Business Survey have just been published. High on the list of challenges was the weather in 2018! The weather played a big part in the trading results for a lot of tourism, leisure and hospitality businesses in the eastern region.
Wednesday, 29 May 2019
In a recent blog I highlighted how the Government is trying to crack down on tax relief for buy-to-let landlords. Now I’ll consider how the proposed new property tax changes regarding residence relief and letting relief will affect some property owners.
Tuesday, 28 May 2019
With the Agriculture Bill making its way through parliament, the transition towards farmers being paid for ‘public goods’ is well underway.
Monday, 27 May 2019
Hopefully most of you will know that Making Tax Digital (MTD) came into effect from 1 April 2019, meaning that all VAT registered businesses trading over the VAT registration threshold of £85,000 will now need to submit their VAT returns using a MTD compliant software.
Friday, 24 May 2019
In the lead-up to the 2018/19 P11D filing deadline of 6 July 2019, I thought it would be helpful to employers if I recap the exemption available for trivial benefits and what the criteria are.
Wednesday, 22 May 2019
Our 2019 Tourism and Leisure Business Survey was again well supported this year and we would like to thank all of you who have participated in it and all those who have helped to promote it. Download our brochure to read the full results.
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