News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
A New Partner at Bates Weston
The Bates Weston Partners are pleased to announce that Sean Douglass has become a Partner in the firm.
EOT Deferred Consideration
Craig Simpson, Tax Partner at Bates Weston, considers the implications of using deferred consideration to pay outgoing shareholders when an Employee Ownership Trust (EOT) is created.
Employment status evolves
Graham Buckell explores the changing nature of employment status and the importance of ensuring all advice on employment arrangements takes into account the most recent changes. "The last few months have seen a series of court decisions regarding employment status. We...
Making Tax Digital from April 2019
Bates Weston, helping you to make sense of Making Tax Digital and digital record keeping Making Tax Digital (MTD) is the phased introduction of digital record keeping by HMRC, who are committed to making the UK tax system “one of the most digitally advanced tax...
Bates Weston Tax & Financial Planning Guide 2018 – 2019
This guide looks at some common areas where you and your family can make tax-related choices, in line with the tax law. We have tried to explain the ideas in brief and without jargon, but everyone’s financial circumstances are different, so it is essential that you...
Settlement and the 2019 loan charge
ACT NOW - Do you have clients that are in a disguised remuneration scheme? If you have clients with an EBT or EFRBS arrangement where they have outstanding loans then action is required now. HMRC have introduced legislation to treat all loans outstanding on 5 April...
Defer grant of EMI options
Defer the grant of EMI options until the UK Government has secured continuing EU State Aid approval from the European Commission. The EU state aid approval on EMI schemes expired on 6 April 2018. If you have clients in the middle of implementing an EMI do not grant...
OTS Business Lifecycle Report April 2018
The Office of Tax Simplification has just published its Business Lifecycle Report. In it, it explores the tax issues which affect businesses as they start up, incorporate, finance growth, succession and disposal or cessation of business. The OTS summary indicates they...
GDPR – a simple summary
As an SME ourselves, we wanted to get to the GDPR point. What do we need to do differently on 25 May that we don’t do now? We couldn’t find a simple summary, so we set about condensing the Information Commissioner’s Office published content on the subject. Here it is....
Requirement to Correct legislation
Many taxpayers are unaware of the “Requirement to Correct” legislation which has recently been introduced and has potentially enormous consequences for non-compliance. Richard Coombs, Tax Partner at Bates Weston explains: The legislation is very much targeted at...
A real employment?
Craig Simpson, Tax Partner at Bates Weston draws attention to the dangers of paying wages to relatives. A recent First Tier Tribunal Case finds that wages paid by a self-employed individual to his son were not deductible for tax purposes. The case of Nicholson v...
Tax bands and allowances
When a system is so complex, that it defeats HMRC’s own online system and they resort to asking you to submit your return on paper, alarm bells should be ringing. Graham Buckell, Bates Weston tax partner, sheds some light on the complex interactions between allowances...
Year end tax review 2018
Year end tax review 2017/18 The key to minimising your tax bill is planning ahead and working with your advisors to make sure they understand your plans, both in the short and the long term. If your personal or business circumstances are changing, if you are thinking...
Childcare Vouchers
Childcare Vouchers Using Government childcare vouchers to pay for childcare can save parent thousands of pounds a year. The scheme is operated by employers and allows childcare to be paid for from pre-tax salary. Basic rate taxpayers can buy up to £55/week voucher,...
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