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… Read more
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… Read more
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–… Read more
When buying a commercial building, the price may include VAT if the vendor has opted to tax the property. If the buyer is VAT registered and will be using the building wholly for the purposes of the trade it will… Read more
Q1. I have been on the VAT flat rate scheme for several years. I have two business activities that fall into different categories with differing FRS percentages. I have apportioned VAT between the rates, but a chance conversation with an… Read more
