One of the capital allowance changes announced in the Autumn Budget was the reduction of the writing down allowance on assets in the special rate pool from 8% to just 6% per annum from April 2019. The assets included in this pool include long life assets, such as aircraft, integral features within buildings and cars […]
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The Chancellor announced a temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery to £1 million from 1 January 2019.
Certain traders can be made liable for the unpaid VAT of another VAT-registered business when you buy or sell specified goods. HMRC have recently updated VAT notice 726 which advises traders to carry out due diligence into their supply chain.
The rules for taxing dividends changed radically from 6 April 2016, with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends.
Under new rules due to come in on 1 October 2019, builders, sub-contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT.
Competition in business is more intense than ever before, with tough economic conditions in most sectors and rival firms battling for market share. There are also new threats from online providers, new business models and global competitors. As a result, increasing profit levels is challenging. If you can’t increase your sales, consider how to reduce […]