Government releases draft legislation on Residential Property Developer Tax for technical consultation. Clarifies definitions of residential property and associated activities.
SMEs
What VAT rate applies to the hospitality industry from 1 October 2021?
Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
Health and Social Care Levy
A summary of the PM’s statement on Health and Social Care, the introduction of the 1.25% Health and Social Care Levy from April 2022 and the lifetime cap on care costs of £86k from Oct 2023.
Residential Property Developers Tax (RPDT)
The government’s consultation on a potential new tax, Residential Property Developers Tax (RPDT) closed last month. RPDT if enacted, will tax profits made from residential property developments from April 2022.
Business Advisory Service – driving your business forward
BW Insight Business Advisory Service uses real time digital business records to provide real time advice to drive business improvements.
Cashless payments and SMEs
HMRC report indicates trends towards cashless payments will continue. Kay Brookes, partner at Bates Weston looks at how cashless payments can help with cashflow management.
What should you expect from your accountant?
Raise your expectations. The right accountant on your team makes a real difference to running your business day to day and helps you plan ahead with confidence.
Government publishes review of R & D tax relief regime
Government review of R& D tax relief indicates that the relief does promote R & D spending but that 51% of companies have never heard of it. Richard Coombs takes a look at the findings.
Capital Gains Tax overhaul expected following Capital Gains Tax Review
Craig Simpson , Tax partner at Bates Weston, looks at the recommendations made by the OTS’ first report on the Capital Gains Tax review requested by the Chancellor.
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