Jul 23 2019 Calls for extension to UK Games Fund Categories: Technology The trade association for the UK games sector, TIGA, has called on the UK government to continue the UK Games Fund beyond its March 2020 end date. The UK Games Fund is based in Dundee, and has already helped more than 70 studios. The French Government have launched a campaign to attract businesses to move to more
Jul 22 2019 Revenue Scotland to upgrade their online tax collection system Categories: Professions This month, Revenue Scotland will be upgrading their online tax collection system, known as SETS (Scottish Electronic Tax System) which will affect the submission of Land and Buildings Transaction Tax (LBTT) returns. Revenue Scotland is seeking to make the change over to the new system as seamless as possible, with all of the data in the more
Jul 12 2019 How park owners can improve their Business Property Relief qualifying status Categories: Leisure Business Property Relief (BPR) ensures, on death, that ownership of a business can pass through the estate of the deceased person, to the beneficiaries, without any inheritance tax (IHT) applying. Securing status is an implicit acceptance that the business is trading too, thereby allowing owners to claim capital gains and other tax reliefs. Recent case more
Jul 9 2019 Why are engineering and manufacturing firms ‘missing out’ on the increased AIA? Categories: Engineering & Manufacturing The Autumn Budget announced the temporary increase in the Annual Investment Allowance (AIA) limit, from £200,000 to £1million. This increase will remain until 31 December 2020, meaning businesses will have a two-year window to take advantage of this higher limit. The increase to the AIA will allow engineering and manufacturing businesses to obtain 100% tax more
Jul 2 2019 Diversification – don’t forget the tax! Categories: Agriculture Farming can be challenging, and often unpredictable, so more and more farmers have looked to diversify their business. Whether it is in the form of renting out land, converting farm cottages into holiday lets or investing in renewable energy equipment, it is important to consider the various tax implications of diversifying your farm business. VAT more
Jun 25 2019 Increase to charities’ small trading exemption limits Categories: Charities From 6 April 2019, HMRC increased the small trading tax exemption limits for 2019/20. The exemption allows charities, who have trading income not relating to their primary purpose, to still be exempt from paying tax, providing they meet the annual income criteria. The previous limits were: The new limits from 6 April 2019 are: These more
Jun 20 2019 How access to funding has increased the number of start-up Games Studios Categories: Technology TIGA recently carried out new research that shows the number of games studios has increased in the last year by 5.7%. Perhaps, as would be expected of the sector, the research also showed a large number of start-ups and closures. The Chief Executive of TIGA, Dr Richard Wilson, commented: “The rise in start-ups is due more
Jun 19 2019 Supporting local producers with our ‘EQ Food & Drink Pavilion’ at Turriff Show Categories: AgricultureFood & Drink We are delighted to be supporting the 155th Annual Turriff Show, held on 4-5 August 2019, by helping them expand their support of local food and drink producers with sponsorship of the EQ Food & Drink Pavilion. The EQ Food & Drink Pavilion will house over 50 stalls featuring some of the best produce from growers and makers more