The recent passing of the Finance Bill 2017 saw new legislation for tax changes announced by the Chancellor in the Autumn Budget 2017. The key areas of focus were clamping down on tax avoidance, supporting businesses and innovation. To separate fact from fiction, we’ve put together a handy breakdown of the most relevant tax-related reforms […]READ MORE »
If you prefer to pay your tax bill with a personal credit card, then you MUST submit this payment by midnight on Friday 12 January to guarantee that the payment is fully cleared with HMRC ahead of the Saturday 13 January early repayment deadline. After Saturday 13 January, HMRC will no longer accept payments by […]READ MORE »
Private investors and businesses of all sizes could receive up to 40% of a commercial property purchase back in tax free income by taking advantage of the Capital Allowance Act 2001, which allows owners to claim for the value of plant and machinery within a commercial property. Plant and machinery is defined as items that […]READ MORE »
More than six months into the revised IR35 regime for the public sector and reports show that more contractors are being caught by the legislation. This, combined with announcements in the Autumn Budget that the rules could soon be rolled out to include the private sector, makes understanding IR35 legislation more important than ever before. […]READ MORE »
Every three years, employers must re-enrol eligible employees back into their workplace pension scheme. Known as automatic re-enrolment, this policy targets staff who may have opted out of the scheme, stopped their contributions or chose to pay less than the minimum amount. Your re-enrolment date is your staging date plus three years, and the process […]READ MORE »
You may think a company car offers great benefits for both the business and the employee, but have you considered all of the tax implications? Any car owned by a company, which is used by an employee for personal use, will attract a benefit in kind charge based on the CO2 rating and the list […]READ MORE »
The Global Restructuring Group (GRG) was Royal Bank of Scotland’s (RBS) former turnaround division for struggling businesses, before it was shut down in 2014 following allegations of mistreatment. 16,000 companies were allegedly pushed into the GRG unit after the onset of the financial and banking crisis of 2008. Many business banking customers of RBS and […]READ MORE »
The Criminal Finances Act 2017 came into force in late September, overhauling the Proceeds of Crime Act 2002 (POCA) anti-money laundering and confiscation regime. Under the new rules, companies and partnerships are now criminally liable for failing to prevent tax evasion by an associated person – something which increases the need for robust risk management […]READ MORE »
Land Remediation Relief (LRR) offers a big incentive to businesses and land owners that bring contaminated and derelict land back to productive use. Introduced in 2001 and redesigned in 2009, LRR offers a relief on Corporation Tax equal to 150% of the qualifying expenditure that was incurred in the cleaning up of acquired land. Contaminated […]READ MORE »
Working with universities to create live briefs and modules works both ways; students receive real-world experience, often at the cutting edge of that industry. Small companies then receive access to the latest technology in the industry and get to work with creative, passionate students who are eager to learn. At Milano Pro Sport, we were […]READ MORE »
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MQI Limited develops complex manufacturing execution software systems which support regulatory requirements while reducing risk, lowering costs, improving efficiency and speed to market.