Business Tax

With the complexities of business tax, we understand that you will want to pay the minimum (correct) tax, returned to HMRC in the correct manner, by the submission deadline, with disclosure so as to minimise the risk of HMRC tax enquiry.

As well as assisting with this compliance, we also pro-actively seek to identify means to reduce and delay payment of your business tax liabilities.

 

We can offer support and advice regarding

Our fully qualified team of Tax Advisors, offer up-to-date knowledge and experience of all aspects of corporate and other business taxation and can provide support to ensure that your business is fully compliant with all tax requirements.

 

Why choose us?

  • Fully-qualified team of advisors,
  • Tailored services, shaped around the needs of your business,
  • Dedicated Tax Group with experience across a wide range of industry sectors,
  • Compliance services undertaken with a view to identifying tax planning opportunities,
  • In house tax investigation insurance facility.
  • Expertise in HMRC tax enquiries, if any returns are challenged.

 

Our Tax Group Commentary on Business Tax Aspects of:

2021: Spring Budget

2020: Autumn Budget

2019: Autumn Budget

2018: Autumn Budget

2017: Spring Budget | Autumn 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:

 

Get in touch with your local office and speak to one of our specialist advisers about our Business Tax services.

Client Review

Managing Director of and Educational Video Production Company
Whiting & Partners were absolutely marvellous when I set up my new business. Everything was done for me, leaving me only to sign at the ‘Xs’. I was very impressed with the speed and efficiency of the whole process and, whats more, the fees were very reasonable. No wonder I went back to get the VAT and tax sorted out. Problems with the VAT and tax, what problems? Whiting & Partners have taken care of all those.



 
Latest Blogs in Business Tax
 
Bethan Hassey
24th September 2021 SSP Rebate Scheme closes 30 September 2021!

Normal Statutory Sick Pay (SSP) can be paid to your employees from the fourth day they are absent from work if they meet the following criteria: They are classed as an employee and have done some work for you Earn an average of at least £120 per week Have been ill for at least 4…

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Millie Hunt
15th September 2021 Changes to the leisure & hospitality VAT rate

To encourage spending in the leisure & tourism sector, the VAT rate for certain supplies was cut from 20% to 5% in July 2020. From 1 October 2021, the VAT rate will rise again to 12.5% and this rate will be in place until 31 March 2022.   If your business operates in the leisure…

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Nick Edgley
9th September 2021 The new Health and Social Care Levy – increases to NIC and dividend tax

The new levy will increase all NIC rates by 1.25% from April 2022, this will affect employees, employers, self employed and the NIC paid on P11D benefits (such as company cars and private health care). The increase will apply to employed (include deemed employees) and self-employed individuals and partners earning above the class 1 primary…

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Megan Turner
16th August 2021 Does my group need to prepare consolidated accounts?

Under the Companies Act 2006 and the Financial Reporting Standard FRS 102, a group of companies must produce consolidated financial statements. This means that the financial statements for each of the members of the group are combined into one set, as if it was one entity.   If the group classifies as a small, then…

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James Cater
28th July 2021 Potato store tribunal ruling

In 2019 the first tier tribunal ruled in a case concerning a grain store that the entire structure qualified as plant and consequently gave rise to a capital allowance claim, by reason of it being a silo. As a consequences of this decision there have been a number of claims for capital allowances both in…

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Jodie Pheby
14th July 2021 Accounts Basis Period Reform – Consultation

Under current rules, businesses draw up annual accounts to the same date each year. The profit/loss for the tax year is usually the profit/loss for the year to the accounting date – called the basis period.  Tax is paid on profits earned in the basis period ending in the tax year in question.   However,…

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Bethan Hassey
1st July 2021 Changes to the reduced rate of VAT for hospitality, holiday accommodation and attractions

  In July 2020 the government announced that VAT registered business who operate in the hospitality and tourism industry could use a temporary 5% reduced rate of VAT on certain supplies compared to the standard 20%. The objective of this legislation was to support businesses in this sector during the Coronavirus pandemic and assist with…

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Thomas Nicholls
15th June 2021 Tax on Cryptocurrency does not have to be cryptic

Within the last 10 years the cryptocurrency scene has exploded from the first decentralised cryptocurrency, Bitcoin, being created back in 2009 to now more than 4,000 different cryptocurrencies being in existence with a total market cap value of over £1trillion.   This has led to the creation of the Cryptoassets Taskforce which was announced back…

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Scott Butcher
9th June 2021 Paying VAT by Direct Debit – check your HMRC records

HMRC are in the process of moving VAT records for non-MTD registered traders from their old database to a new one.   Due to banking requirements if HMRC does not hold a valid e-mail address for a trader, when the data is transferred to the new database, any existing direct debit mandate will be cancelled.…

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Steven Denton
3rd June 2021 National Insurance holiday for employers hiring veterans

Following an announcement by the government in 2020, from April 2021 employers hiring former members of the UK armed forces will be exempted from any NI contributions liability on the veteran’s salary up to the Upper Secondary Threshold (UST) in the first twelve months of their employment. However, under current guidelines relief for the 2021-22…

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