Latest blogs for Specialisms

Do you know how to protect your charity from cyber crime?   Cyber crime is becoming more frequent in all aspects of life, due to the increased use of technology.   As a Trustee, it is part of your role to ensure that the Charity’s funds are protected, and the resources are managed responsibly.  …

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…

In her first Budget, Rachel Reeves moved quickly over two key capital taxes for farmers. Although, I’m sure it won’t have escaped their attention.   Capital Gains Tax (CGT) The rate of CGT paid on the disposal of assets rises from 10% and 20% for basic and higher rate tax payers respectively, to 18% and…

It’s Trustees’ Week! The time of year when we celebrate the amazing contribution made by trustees’ for their charities and recognise the difference they make.   You can find out about this week’s range of events and access free guidance and resources at www.trusteesweek.org   At Whitings LLP we are proud to support many trustees…

The Autumn 2024 Budget has been a tough Budget for businesses, but it perhaps hasn’t provided too many surprises given the recent press announcements. Below we share our key takeaways for businesses…   Corporation Tax For those Limited Companies, there is confirmation of the main rate of Corporation Tax remaining at 25% for the duration…

We share our key takeaways on how the Autumn Budget 2024 affects individuals. During the first Budget to be delivered by a woman, and the first Labour Budget for 14 years, Rachel Reeves set out various measures to “fix the foundations and deliver change”.   Along with Income Tax rates, Labour included a manifesto pledge not…

With minimal fanfare, the Government has published a green paper for its much hyped industrial strategy. So what opportunities and threats does this present: Invest 2035: the UK’s modern industrial strategy   This 10 year plan is aimed at stimulating growth and economic security, creating quality well paid jobs, and transitioning the UK to Net…

The new Labour government has confirmed that it will proceed with significant changes to UK company size thresholds, a proposal made by the previous Conservative government that aimed to reduce the regulatory burden on businesses.   This decision, announced by Jonathan Reynolds MP, Secretary of State for Business and Trade, will see the monetary size…

The second Budget of the year is due to take place on 30 October 2024. We knew one would be happening, and expected that there would be many changes announced. More will no doubt come in the next few weeks.   Ahead of this, there is confirmation of the new rules relating to Furnished Holiday…

Amazon has recently announced changes in the VAT treatment of fees that will significantly impact UK sellers.   What Used To Happen? Previously, UK VAT-registered sellers only paid VAT on UK advertising fees which were billed from London. All other fees were billed from Luxembourg and generally fell under the Reverse Charge Mechanism.   What…