Spring 2017

Newsletter Spring 2017

The newsletter covers a number of topical issues including …

VAT Flat Rate Scheme changes

The introduction of a new 16.5% higher percentage for ‘limited cost traders’ may mean some businesses should opt out of the FRS.

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New Finance Service

The government's launched a scheme for small businesses having difficulty in obtaining finance from the larger banks in the UK.

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Don’t ERr in your claim

It appears that HMRC are now examining Entrepreneurs Relief claims more closely.

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Some good news for companies

The Autumn Statement contained some good news regarding the tax relief available if a company makes a loss..

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State Pension entitlements – check now

The state pension is clearly a worthwhile thing to have, however there have been numerous changes to the qualification criteria over recent years and now may be a good time to check your entitlement.

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Feature article

Essential Employer Update 2017

With the payroll year coming to an end, we look at some of the important changes and new developments to be aware of.

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Will we see a change in the main inflation measure?

Over the years we have had a number of different ways of measuring inflation. The Office for National Statistics has announced it is changing its preferred measure of consumer price inflation from Consumer Prices Index (CPI) to CPIH from March 2017.

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Venture Capital Trusts – over 20 years in the making

We take a look at Venture Capital Trusts (VCTs), a tax relief scheme introduced in 1995.

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Feature article

Business motoring - tax considerations

A business can provide cars for business owners, directors or employees through an outright purchase, a hire purchase contract or by way of a business car lease (BCL). There are different tax impacts of these options both for the business and for the individual taking the car.

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A TAAR which is not so targeted

The government has decided to strengthen anti-avoidance rules when winding companies up by introducing a new Targeted Anti-Avoidance Rule (TAAR).

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