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Filtered By Category: Taxation

Mar 22 2021

Our Budget 2021 taxation roundup

Categories: Taxation

As mentioned in our previous article, the UK Budget contained a mixture of taxation and non-taxation announcements. To help provide guidance on the taxation announcements made during the Budget, our highly qualified, knowledgeable EQ Taxperts have provided a series of detailed articles that breakdown the Budget announcements to help you effectively plan for the future. We have consolidated the latest more

Mar 9 2021

Budget 2021 – VAT Rates for hospitality and leisure business

Categories: LeisureTaxation

The Chancellor’s Budget extended the current 5% reduced rate for hospitality and leisure business for six months to 30 September 2021 followed by an interim rate of 12.5% before reverting to the standard rate of 20% from 1 April 2022. The extension will be welcomed by all as many businesses have been able to pass more

Mar 4 2021

Budget Summary 2021 – The Big Freeze

Categories: Taxation

Yesterday’s Budget delivered by Chancellor, Rishi Sunak, was met with a collective sigh of relief by tax practitioners who had perhaps feared the worst particularly in relation to capital taxes. As it turned out, the Budget was as notable for what it didn’t cover as what it did. In a polished, confident performance, the Chancellor more

Feb 17 2021

The VAT deferral new payment scheme

Categories: COVID-19Taxation

As mentioned in our previous article, businesses that deferred their VAT payments due between 20 March to 30 June 2020 can opt-in to the VAT deferral new payment scheme. The VAT deferral new payment scheme allows you to make interest free equal payments over a number of instalments, from 2 to 11, depending on when you join more

Feb 16 2021

Getting the right support for your agricultural business

Categories: AgricultureTaxation

Different businesses will have different tax issues to consider whether those issues relate to VAT, Income Tax, Capital Gains Tax, Inheritance Tax (IHT) or in some cases, all of these. An example of this is an equestrian business, whose tax needs would depend on whether it is a diversified part of a larger family business, more

Jan 28 2021

Main Announcements from the Scottish Budget 2021

Categories: Taxation

On 28 January, Finance Secretary Kate Forbes delivered the Scottish Budget for 2021/22. A year after the first case of COVID-19 was confirmed in Scotland, the focus of this Budget was on providing support and stability in the immediate term. We’ve highlighted the main announcements below: Strategic Framework Business Fund (SFBF) will continue to support more

Dec 14 2020

We supported Dunedin Advisory to transition to an Employee Ownership Trust

Categories: ProfessionsTaxation

We have assisted restructuring and insolvency specialists Dunedin Advisory in their transition to become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm’s staff have fully engaged in the goal of strengthening and developing not only the business but their future personal development too. With offices in Dundee, Glenrothes and Glasgow, Dunedin more

Dec 9 2020

Is your architecture firm ‘missing out’ on securing R&D tax relief?

Categories: ProfessionsTaxation

Architecture firms can often use experimental processes to achieve the desired outcome for their projects, yet many are missing out on a tax relief which rewards the very thing that many within the architecture industry consider to be just ‘part of the process’. Research and Development (R&D) tax credits are a government-backed initiative designed to encourage more