skip to navigationskip to main content

Call: 02921 676555

Practice News

Delay in implementation of domestic reverse charge VAT for construction services

HMRC have published Brief 10 (2019), which explains that the introduction of the domestic reverse charge for construction services will be delayed for a period of 12 months until 1 October 2020. A domestic reverse charge is an anti-fraud provision, which means that the UK customer who receives supplies of construction services must account for the…Read More

Tax-free expenses for home-workers

Providing certain conditions are met, no tax liability will arise if an employer makes payments to employees for reasonable additional household expenses, which the employee incurs in carrying out duties of their employment at home under ‘homeworking arrangements’. ‘Homeworking arrangements’ are arrangements between the employee and the employer under which the employee regularly performs some…Read More

The rise of eco cars: Why SMEs should consider electric vehicle charging

What are the benefits of electric vehicles for small businesses? And what should you expect from your electric vehicle charging provider? Eco-friendly vehicles such as electric cars are on the rise, not only among consumers but among businesses. Indeed, the government has forecast that by 2025 there will be three million electric vehicles on roads in the…Read More

Enterprise scheme supports 200 start-ups a week

The New Enterprise Allowance, a fund for jobseekers with a business idea, has helped launch nearly 20,000 businesses since 2017. New government figures show that, on average, 203 businesses have been created by unemployed benefit claimants each week in the UK under the New Enterprise Allowance (NEA) scheme in the past two years. The NEA…Read More

1 in 5 engineering firms missing out on R&D funding

Engineering companies in the UK are potentially missing out on over £10 billion of R&D funding each year, according to new research. The study, commissioned by MPA for Advanced Engineering 2019, has found that one in five (21%) eligible engineering companies aren’t claiming the R&D funding potentially available to them under the government’s R&D Tax Credit scheme, which allows…Read More

How can an ‘e-commerce mindset’ supercharge the economy?

The e-commerce world is thriving. Retail giants like Amazon, Alibaba and Ebay have transformed the retail industry by operating at an unprecedented scale. The e-commerce world is thriving. Retail giants like Amazon, Alibaba and Ebay have transformed the retail industry by operating at an unprecedented scale. But how can SMEs harness this mass-market mindset to…Read More

Dragon’s Den judges share their best business advice

Dragon’s Den judges are quick to torch bad business ideas, so what’s their advice for entrepreneurs just starting out? Striking it out on your own and going the route of an entrepreneur can reap incredible rewards. This includes fortune, fame, being the head of huge company and the satisfaction of executing your own ideas. It’s…Read More

Airbnb probed by UK tax authorities

Home rentals site Airbnb has warned a tax inquiry by HM Revenue & Customs could lead to legal proceedings. A note in newly filed accounts for Airbnb UK said it had been contacted by HMRC over “tax laws or regulations impacting the company’s business”. “The company is also subject to tax inquiries and proceedings concerning…Read More

FSB calls for export vouchers for small firms

The Federation of Small Businesses (FSB) is asking the government to do more to support struggling small firms by giving them export vouchers. The FSB is calling on the Department for International Trade and the Treasury to give small firms a pre-Brexit injection of support to promote exporting by introducing export vouchers. According to FSB data, 21% of small firms currently…Read More

HMRC webinar: Getting ready for Brexit

Neil Warren reviews key issues raised by HMRC’s ‘Getting ready for a no-deal Brexit’ webinar, including customs duties, customs declarations and entry summary declarations. Following up on his previous article about VAT and EORI issues, Neil Warren shares some other learning points from HMRC’s recent webinar. Customs Duties I was pleasantly surprised to learn from the webinar…Read More

The SME verdict on the Queen’s speech

Business groups representing freelancers and small firms have welcomed some of the key proposals in the Queen’s Speech – including pension dashboards for the self-employed. Andy Chamberlain, deputy director of policy at freelancer body IPSE, said: “There were several positives for the self-employed in the Queen’s Speech … One of the biggest challenges for the self-employed, is saving…Read More

VAT: Botox exemption claim fails to raise eyebrows

It has always been a grey area whether some procedures carried out for medical purposes qualify for VAT exemption. Neil Warren considers the case of Skin Rich Ltd, in which a tax tribunal ruled that botox and nail fungal treatments did not qualify. In order to qualify for VAT exemption, a medical service or treatment supplied…Read More

Get ready for Brexit – business readiness events

The UK Government are hosting free Brexit Readiness Events throughout the UK which will give businesses the opportunity to meet government advisers and to find out what actions your business needs to take to prepare for Brexit. The events will combine a keynote address, interactive support, advice stands, and in-depth sessions led by subject matter…Read More

What small businesses think of the four-day working week proposal

Labour announced a raft of proposals during its party conference this year, including a reduction in the standard working week to 32 hours (four days) within the next decade. The four-day working week isn’t a new idea, but it still sparks as much debate as ever. Some see it as the panacea to our continuing…Read More

GDPR compliance gives competitve advantage

Most firms still aren’t fully GDPR compliant, but a new report has found that compliance brings significant business benefits. The Capgemini Research Institute has surveyed senior executives in businesses in France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, UK, the US and India about GDPR. Its findings show that only 28% say they are compliant. However, the…Read More

Sign up for our newsletter