Brentwood accountants warn of the often-overlooked pitfalls of Capital Gains Tax

Posted in Latest Business News, Latest News on November 26, 2018

Brentwood-based accountancy firm M J Bushell is trying to raise awareness of the UK’s complex Capital Gains Tax (CGT) regime, amid concerns that many …
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What happens if I have a capital gain?

Posted in Latest News on November 15, 2018

Business owners and individuals in the UK both need to make sure they are aware of the complex rules governing Capital Gains Tax (CGT), as this tax can …
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National Living Wage to rise in April 2019

Posted in Latest News on November 14, 2018

In his latest Budget speech to the Commons, Chancellor Philip Hammond announced that the National Living Wage and National Minimum Wage would increase …
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Entrepreneurs’ Relief rules to be tightened

Posted in Latest News on November 14, 2018

Despite rumours that the Chancellor might scrap Entrepreneurs’ Relief (ER) all together in the Autumn Budget, Philip Hammond decided to retain the tax …
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Research reveals Inheritance Tax hotspots across the UK

Posted in Latest News on November 14, 2018

New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT). The …
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R&D Tax Credit system to be reviewed in light of fraudulent claims

Posted in Latest News on November 14, 2018

According to figures released in the Autumn Budget, HM Revenue & Customs (HMRC) has prevented around £300 million of fraudulent R&D tax credit …
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HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error

Posted in Latest News on November 14, 2018

The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework as many as 30,000 self-assessment …
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Payee names to be required for bank transfers in effort to combat fraud and errors

Posted in Latest News on November 14, 2018

From next year, payee names will be checked when making bank transfers in order to ensure that funds are being sent to the correct recipient. Currently, …
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Public pilot of Making Tax Digital for VAT opens

Posted in Latest News on November 14, 2018

HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT. The pilot is open to sole traders and companies that are …
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Autumn Budget 2018

Posted in Latest News on October 29, 2018

The sun was already edging behind the London skyline by the time Chancellor Philip Hammond rose to the despatch box to deliver the first Monday Budget …
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