As a result of the first Finance Act being rushed through due to the snap General Election the legislation to introduce the new company loss relief rules were dropped. This led to considerable uncertainty as to the start date of the new rules but it has now been confirmed that the new rules will apply from 1 April 2017 after all.
BREAKING NEWS – As of yesterday (13 July 2017) ministers have confirmed a new timetable for Making Tax Digital and have delayed rollout by ‘at least’ two years until 2020, although quarterly VAT reporting using the system will be mandatory from 2019.
The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10%. This guidance only refers to patents but your… Continue reading Corporation Tax: The Patent Box
Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.
Robot Pubs – Could this be the future?
Robot Pub a forward thinking hospitality focussed technology company, offering EPOS and complimentary technologies, such as self-service and loyalty, to pubs and bars! The Thirsty Bear, where they initially piloted their latest technology, and which they now use to pilot and tweak new products, as well as test new software releases before launching to a wider customer base.
LB Group, a Top 75 firm of Chartered Accountants, have relocated their Colchester office into the prestige ‘Octagon’ office building. The second floor suite totalling just under 5,000 sq. ft has been totally refitted to provide a mix of open plan and partitioned accommodation.
If you own a residential property worth £500,000 or more within a company or a partnership with at least one corporate member, you need to be aware of the Annual Tax on Enveloped Dwellings (ATED) regime.