Eight new Freeports were announced earlier this year, with each offering operators within the sites a number of tax incentives. The sites are: - East Midlands Airport- Felixstowe & Harwich- Humber Region- Liverpool City Region- Plymouth & South Devon- Solent- Teesside- Thames A Freeport requires a primary customs ...

A qualifying furnished holiday let (FHL) enjoys a number of favourable tax breaks - including business asset disposal relief, and the ability to claim capital allowances and rollover relief - when compared with non-qualifying properties. FHL status is subject to occupancy conditions. The main two rules are that ...

Health and Social Care Levy Rumours of an imminent rise in NI rates started to circulate at the beginning of September, and were confirmed on 7 September with the publication of the government policy paper Build Back Better: Our Plan for Health and Social Care. The increase will initially ...

Q1. I am an IT consultant that has just returned from Jersey where I was undertaking some work for the government. I want to raise my invoice now, but don't know whether to add VAT or not following Brexit? A: You don't need to add VAT here ...

In most cases, it doesn't make sense to simply give away money to save tax during a person's lifetime. For example, a higher rate taxpayer can claim tax relief to offset their income tax bill on qualifying donations made via the gift aid scheme. However, the cost of ...