Latest blogs for Specialisms

The government is to increase the earliest age pension savers can access their pension pots from 55 to 57, wef 6 April 2028. Members of the firefighters, police and armed forces public service schemes will not be affected by this increase.

Recruitment, selection and induction of trustees is very important in the activities of a charity. It is important that the trustee board of a charity is varied and provides the charity with a mix of skills and experience it needs.   The responsibility for recruitment of new trustees rests with the existing trustee board, who…

Many people decide to become a trustee to be able to give back to their communities. It is an exciting opportunity to benefit society and make a difference.   Trustees give their time, skills and experience to a good cause. They can also learn new and useful skills in their role too.   Charities in…

  Charity law (the Charities Act 2011) describes charity trustees as ‘the persons having the general control and management of the administration of a charity’.   All properly appointed members of a charity are trustees in law, regardless of the title they have received. All trustees share equal responsibility for the charity and must always…

UK resident individuals who dispose of UK residential property are sometimes required to deliver a CGT return to HMRC and make a payment on account of CGT now within 60 days (instead of the previous 30 days) of completion of the property disposal. Broadly, this only applies where the property disposal gives rise to a…

Well, mixed news in the Budget for our hospitality sector, I would say.   A cut in business rates by 50% for qualifying businesses in retail, hospitality, and the leisure sector for a further year will hopefully help with that large overhead. No extension of the temporary reduced rate of VAT beyond 1 April 2022…

This week is Trustees’ Week, an annual event to showcase the work that is carried out by trustees and to spread the word in order to get more people involved.   2021 is the 11th year of Trustees’ Week, with over one million trustees in the UK to celebrate and show appreciation for. Another purpose…

In the Chancellor’s Budget on 27 October 2021 it was announced that the planned date for reducing the Annual Investment Allowance limit from £1m to £200k is being extended from 1 January 2022 to 31 March 2023. This will effect businesses who are planning on investing more than £200k in plant and machinery from January…

A tax tribunal has made a landmark ruling against HMRC, by declaring that the construction taxpayer (Quinn) was validly entitled to claim SME research and development (R&D) tax relief totalling approximately £1m, even though this work was specifically undertaken to order for a customer, which would normally mean the ‘subsidised’ rule would prohibit eligibility under…

If you own a UK holiday let are you declaring your rental profits to HMRC? If not time may be running out to make a voluntary disclosure of past profits.   HMRC has the power to request information, or documents, from third parties such as holiday booking sites; as well as being able to search…