…a deal at “market value”? City’s accounts for 2010 and 2011 showed commercial income as £52.8m and £64.7m respectively. This was double Arsenal’s and quadruple Tottenham’s commercial income in the…

…touch if we can assist with a transaction. References Stanford 2020 Search Fund Study: Selected Observations (www.gsb.stanford.edu/faculty-research/case-studies/2020-search-fund-study-selected-observations) Stanford Search Fund Primer (www.gsb.stanford.edu/faculty-research/centers-initiatives/ces/research/search-funds/primer) IESE International Search Funds 2020: Selected Observations (https://www.iese.edu/entrepreneurship/search-funds/)…

…they can improve and really create some advice and challenge for how they can progress even further. So, there are massive implications for productivity and a real potential for it…

…on their worldwide income and gains. However, there will be an exemption from IT and CGT on foreign income and gains for the first 4 years of UK tax residency…

…look at the tax system and refocus it on two key principles: common definitions, where everyone understands what the rules are, and common sense, for when they should apply. Simplifying…

…as part of the BUFDG “Finance Festival”. The topic of our talk was tech transfer and the commercialisation of Intellectual Property (IP) by universities and similar research institutions. Broadly the…

…for paying the tax arising from the benefit and the benefit value is reported on a P11D for each employee. The NIC is payable by the employer, and this is…

…duty for the sector to actively promote academic freedom and free speech; the OfS should be advising in 2024 as to what this means. They do now have a free…

…have to file if you have any untaxed income from: money from renting out a property, including through Airbnb tips and commission income from savings, investments, and dividends foreign income…

…tax returns where employment expenses are claimed. Therefore, careful consideration should be given and each situation presents a unique claim- one rule for one and another rule for others! We…

…plan, budget and forecast for the future. Our services include: Budgeting – We can help you to create and manage budgets to prevent overspending and provide focus. Accounts Receivable Management…

…itself has presented many tax, commercial and logistical challenges, involving lengthy discussions and multiple back and forth. The main challenge has been addressing the overseas tax issues whilst minimising the…

…year (more if you’re FCA registered), as well as handling payroll and making monthly or quarterly payments of employees’ income tax (PAYE) and NICs. And don’t forget all the VAT…

…by external debt. The searcher will normally retain anywhere between 8% and 25% of the target company, following acquisition. Benefits to searchers and investors Search Funds have been a popular…

In the 2022 Autumn Budget, the then Chancellor Jeremy Hunt implemented a temporary increase in the Stamp Duty Land Tax (SDLT) thresholds for homebuyers and first-time buyers. As of 31st…

…to the Forensic Department in 2011. He quickly gained a reputation for being able to handle particularly complex contractual arrangements and those requiring significant data analysis. Mark’s areas of expertise…

…It is therefore necessary for such structures to be funded by someone other than the parents, a grandparent for example. There are a number of different types of trust structures…

…Charge? The VAT DRC applies to most supplies of building and construction services. It applies to both standard and reduced rate VAT services for businesses that are registered for VAT…

Foreign direct investment (FDI) is critical for nations like the UK. It creates jobs and drives economic productivity. Last week the Department for Business and Trade published data on the…

…the end of the sixth month after date of death. There are certain business assets and property (such as land of any description and unlisted shares and securities) where you…

…coming up in the next year. New rates of SDLT will apply from 31 March 2025. The 0% rate band will be halved, and a new 2% band introduced for…

…Duty Land Tax and VAT, it is extremely rare for tax rates to increase mid-year. Generally, the new rules are effective from the start of the next tax year on…

…an employer on are: Starter checklist for new employees Benefits packages and expense claims P11D and PSA compliance Termination payments and redundancies Employment status, IR35 and Off-Payroll Working Share awards…

The UK General Election has been announced for the 4th of July and the campaigning is well underway. During last week’s manifesto release, both the Conservative and Labour parties promised…

…are far reaching and include not only share options and awards, but also disposals for more than market value, awards of securities and share exchanges. There are different returns to…

…Claim Capital Gains Tax relief for traders Be entitled to plant and machinery capital allowances for items such as furniture Count profits as earnings for pension purposes However, the UK’s…

A company director needs to understand that their role comes with duties and responsibilities. As well as the day to day running of a company, directors need to keep company…

…authority and be able to reduce your payment on account on your behalf Complete a SA303 form and post it to the tax office Sign into your online Personal Tax…

…the driving factors for these increased receipts is the UK’s nil rate band which has been frozen at £325,000 since 2009. This has dragged more people into the Inheritance Tax…

…diary include: Deadline for the second self assessment ‘payment on account’ – 31st July 2024 Deadline to register for self assessment with HMRC – 5th October 2024 Deadline for paper…

…For example, the proposed associated IHT reforms and the removal of the remittance basis of taxation could impact non-dom landlords with foreign letting businesses. Further detail on these reforms should…

…to leased assets The Chancellor announced he will publish draft legislation for full expensing to apply to leased assets Toby Ryland, Corporate Tax Partner, comments: “Full Expensing is a straightforward…

…fine. The next deadline is 1st May 2024, where an extra penalty of £10 per day will apply up to 90 days.” HW Fisher’s 2024 calendar: late filing penalties for…

…thoughtful, probing questions and your capacity to horizon scan, to spot trends. Are skills worth more than experience and how do behaviours affect those skills? Skills and knowledge can be…

…it, you can watch it on demand here. Stevie Heafford, Partner and Head of Trusts and Estates covered: Stamp Duty Land Tax Commercial rates Mixed use property Multiple dwellings and…

…China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to the Head of UK and Ireland Business Development, and market entry advisor, Maria Kotova at UK.Ireland@dezshira.com    …

…their compliance functions and processes and invest in their internal compliance function. This has been beneficial for us and our clients particularly in such a fast-moving regulatory environment. In summary,…

…Corporation Tax return. “For example, if a business spends £100 on new tools and machinery, it will get a tax deduction for the full £100 immediately. Prior to the Full…

…the most commonly asked questions when it comes to IHT. 1. When do I need to start Inheritance Tax planning? As early as possible as your circumstances and exposure to…

…should also note that further changes will be introduced from July 2022 in areas including requirements for full safety and security declarations for all imports and new requirements for Export…

…and learn new skills. It is very much about learning and recognising that not everyone needs to be Mary Poppins (practically perfect in every way) and indeed that would lead…

…effect from 1 June 2024. MDR will continue to be available for contracts exchanged on or before 6 March 2024 even if completion is after 1 June 2024 (provided there…

https://hwfisher.co.uk/app/uploads/2024/05/Gallery_Tax-talk-with-HW-Fisher.mp4 Wondering about the tax ramifications of setting up your own business? Or confused by income and allowable expenses, authors averaging, capital items and allowances, or trading losses? HW Fisher,…

…identify commercial entities.” This neatly sums up my view too. Read the full ICAEW statement: https://www.icaew.com/insights/viewpoints-on-the-news/2021/Jul-2021/BEIS-white-paper-the-long-and-complicated-road-to-reform Charity Digital Skills Report The Charity Digital Skills Report is now in its fifth…

…shared values, culture, and institutions. This includes funds such as those for the Queen’s Platinum Jubilee event in 2022. For full details of the Autumn Budget, download our guide here….

…risk goods come into force at specially designated border control facilities, and from October 2024, safety and security declarations will be introduced for medium and high-risk goods. Northern Ireland The…

…partners are here to support you through these challenging times. Who is eligible for the new scheme? For businesses, from November the government will cover two-thirds of employees’ salaries up…

…tax is a tactical and political move from the Chancellor. Assuming it comes into effect from April 2024, the first payslip you will see this in will arrive at the…

…tax The state pension and means-tested benefits payments will both increase in line with inflation (10.1%) in April 2023 The Inheritance Tax nil rate band and residence nil rate band…

…won’t have to wait long. The cuts will be effective from January 6 2024 for employees, and April 6 2024 for the self-employed. Let’s take a closer look at who…

…June 2024 (except where contracts were exchanged on or before 6 March 2024). The commercial rates of SDLT will still be available for purchases of six or more dwellings. End…

…on the community and the environment. Just over a year ago, a requirement was brought in for large companies (including charitable companies and universities constituted as companies) to include a…

In a much-needed intervention for struggling retailers, the Office of Budget Responsibility recently announced that it will undertake a cost versus benefit review of tax-free shopping and publish a report…

…to look at what’s going on and adjust and adapt accordingly. COVID has become a catalyst for conversation when it comes to culture and inclusion. We have seen for the…

…in National Insurance was intended to fund social care policies, where will the funds for that come from now? Expect to see potential increases elsewhere.” Commentary on Stamp Duty from…

…belonging to sensitive UK industries, including beef, sheep meat, butter, and cheese. For sheep meat, tariff-free quota of 35,000 tonnes for the first 4 years, increasing to 50,000 tonnes for…

…a series of free webinars for SMEs, the self-employed and charities, advising on what the Government is offering and how clients can access it if eligible. If you attended, we…

…in April. For businesses, it is important that they understand exactly what these changes are, whether or not they apply to their business, and if so, the impact it will…

…and your employment status. If you do not normally complete a self-assessment tax return, you will need to download and fill in your P85 form offline before you leave. If…