March Online Service Updates

Steve Savory Uncategorized Leave a Comment

A new edition of Agricultural, Business and Heritage Property Relief (previously Business and Agricultural Property Relief) is always a cause for celebration by practitioners involved in the area because author Chris Erwood has the rare ability to explain complex issues with perfect clarity. For example, here’s how the coverage of BPR clawback begins: “BPR may be subject to clawback where …

Triennial review of FRS 102 by Steve Collings

Steve Collings Uncategorized 2 Comments

Steve Collings highlights some of the key issues arising from the FRC’s recent triennial review of FRS 102. On 23 March 2017, the FRC issued FRED 67 Draft Amendments to FRS 102 – Triennial Review 2017.  This FRED proposed several amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland as part of the …

Andrew Needham on what will MTD mean for VAT registered businesses?

Andrew Needham Uncategorized Leave a Comment

HMRC have published a new draft VAT Notice 700/21 giving guidance on what records must be kept digitally within functional compatible software in order to comply with the requirements of MTD. Any records not listed in the new notice do not have to be kept in any specific way. Andrew, Needham, author of Bloomsbury Professional’s VAT Annual and contributor to …

Robert Maas argues that non-residents investing in UK property are being treated too harshly. What do you think?

Robert Maas Uncategorized Leave a Comment

If the government wants to promote the UK as an attractive place for foreigners to do business, it might be sensible to adopt a coherent response to UK investments by non-residents. If Mr Hammond has one, it is hard to discern what it is. His predecessor started the apparent disdain for foreigners in 2013 with ATED, a tax based on …

Budget changes to SEIS/EIS/VCT include a boost for knowledge-intensive companies by David Brookes

David Brookes Uncategorized Leave a Comment

Prior to the 22 November 2017 Budget there were concerns in the industry that the venture capital tax reliefs could be severely curtailed or even withdrawn.  The Autumn Budget did indeed introduce changes intended to tighten the rules and preclude ‘low-risk’ investments, but it also improved the position for knowledge-intensive companies by introducing higher investment limits. In order to prevent …