Business Tax

With many different pieces of legislation and HMRC practice notes being relevant, businesses need to fully understand the statutory tax administration and payment requirements placed upon them. We can advise on:

Agreeing your business tax liabilities with HMRC is principally achieved by completing and submitting the relevant ‘self assessment’ tax return.  Clients who are fearful that this ‘disclosure’ may be investigated by HMRC may wish to consider taking out our tax investigation insurance.
Understanding this complicated business tax system and paying the correct (minimum) amount of tax, at the correct time, through the correct mechanism, is what most clients seek. Speak to our tax technicians and put your mind at ease. We will also seek to identify means to reduce your business tax liabilities.

Our Tax Group Commentary on Business Tax Aspects of:

2017: Spring Budget
2016: Autumn Statement | Spring Budget
2015: Autumn Statement | Summer Budget | Spring Budget

2014: Autumn Statement | Budget 

2013: Autumn Statement | Budget

2012: Autumn Statement | Budget

2011: Autumn Statement | Budget

Our Tax Group “A Brief Guide to...” Publications:



 
Latest Blogs in Business Tax
 
Catherine Hubbard
26th April 2017 Has MTD been delayed further..?

All the clauses relating to Making Tax Digital (MTD) have been dropped from the Finance Bill, so many people have been asking if this means MTD will no longer go ahead?  We think that this is highly unlikely. The Finance Bill has been reduced from 762 pages to an expected 140 pages in order that…

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Vanessa Pearson
12th March 2017 New Flat Rate VAT Rules

Contractors: New flat rate VAT rules (Limited Cost Traders) HMRC has released updated guidance regarding changes to the flat rate VAT scheme which come into effect on 1 April 2017. The advantage gained by using the flat rate scheme is going to be restricted for ‘limited cost businesses’. A limited cost business is one whose…

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Vanessa Pearson
10th March 2017 IR35 in the Public Sector

HMRC: Finally release new Employment Status tool. The new public sector IR35 assessment rules come into effect on 6 April 2017 and contractors have been concerned that they are unable to confirm their IR35 status. HMRC has now released its long awaited online Employment Status Tool. The tool is available to contractors, engagers and agencies…

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Ian Piper
9th March 2017 Budget 2017

What’s in it for Technology Companies? Philip Hammond’s first Spring Budget announced a handful of steady-as-she-goes measures. The new announcements that will catch the eye of technology companies include: From 6-Apr-18, the tax free allowance for personal dividend income will reduce from £5k to £2k pa, For tax advantaged share schemes: clarifying the EIS and SEIS…

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Philip Peters
24th February 2017 Renewal Premiums

Tax Investigation Insurance: Premiums for 2017-18 policy year. Prices unchanged from the previous year:   Limited companies with turnover >£20m                    POA Limited companies with turnover £10m to £20m     £540 Limited companies with turnover < £10m                   £185 Partnerships and LLP’s                                                     £155 Sole traders                                                                         £100 Private clients                                                                       £40 Our tax investigation insurance business is…

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Catherine Hubbard
24th February 2017 MTD Update

MTD: Revenue hold firm. HMRC have published their long awaited response to the making tax digital (MTD) consultation documents.  In essence the original timeline as detailed in the consultation documents remains unchanged, with the first taxpayers being affected by MTD from April 2018. Therefore for those businesses with an accounting year end of 5 April and…

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