The Budget and You

Jeffrey Webber proffers some post-Budget action points for the small accountancy practice; Autumn Budget proposals affecting accountants and their clients will be implemented in the next Finance Bill, and future Budgets and Bills will address other areas. We list below…

Contractors Corner

Welcome to Contractor Corner, the series written specifically for accountants with clients who are contractors. Some 88% of contractors do not believe accurate IR35 decisions can be made without their input In one fell swoop, April’s rather unwelcome reform to…

HMRC makes mistakes too!

Mark McLaughlin points out that procedural error by HMRC can sometimes be to the taxpayer’s advantage: The UK’s tax system might seem harsh to taxpayers who make a mistake, such as where a tax return error results in a penalty.…

Capital Allowances

Capital Allowances

The definition of ‘plant and machinery’ for capital allowances purposes is something of an old chestnut, but recent case law has added a little new spice. Here Jake Iles and Ray Chidell explains all   Many tax practitioners, if asked…

Capital or Revenue

Capital or Revenue

Ben Chaplin explains tax reliefs for property letting businesses, summarising the main factors to be considered   Repairs and renewals expenditure incurred in a property letting business will either be treated as a revenue expense, which is generally allowable as…