Monthly Focus
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MONTHLY FOCUS: CORPORATION TAX AND TRADING LOSSES
The ongoing high levels of running costs mean that more companies have (or will be) reporting trading losses. How can these be relieved efficiently and when may losses be restricted?
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SPECIAL FOCUS – 2024 AUTUMN BUDGET
The first Labour budget speech since 2010 took place on 30 October 2024, with a headline figure of £40 billion in tax rises. In this special Monthly Focus we summarise all of the key announcements.
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MONTHLY FOCUS – EMPLOYER COMPLIANCE REVIEWS
HMRC carries out employer compliance reviews to ensure that employers and contactors are meeting their obligations in relation to PAYE and NI contributions. If a business receives notice that it is to undergo one of these, what can it expect?
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MONTHLY FOCUS: PLANNING FOR THE END OF THE FHL REGIME
If you let holiday accommodation, you are probably aware that the tax advantages for "furnished holiday lettings" (FHLs) are going to end in April 2025. This Monthly Focus covers all of the transitional rules and explains the tax consequences concisely. It also details a number of planning ideas you can consider using to mitigate the impact on your own position as an FHL landlord.
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MONTHLY FOCUS: COMMENCEMENT AND FORMING A VAT GROUP
VAT is complex. However, there are particular considerations in certain business situations. What special rules apply on commencement of a business, and when forming a VAT group?
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MONTHLY FOCUS: USEFUL VAT SCHEMES FOR BUILDERS
VAT reporting can be an administrative headache, especially for smaller businesses. However, there are a number of schemes that can help to simplify things. In this Monthly Focus, we look at these in the context of businesses in the construction industry.