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A potential emergency Budget in the context of a no-deal Brexit, and how it may affect SMEs

With no-deal Brexit looming large, the UK’s Federation of Small Businesses (FSB) has called for Chancellor Sajid Javid to propose an emergency budget to counter the threat of the uncertainty lying ahead. According to the FSB, this emergency Budget is crucial considering the current situation of a continually falling sterling and the likelihood of no-deal.[…] Read more »

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Calm before the storm? Financial Updates for July/August 2019

As the new government take shape, the latest July round of updates to our Key Guides are available, with the latest guidance from HMRC on Making Tax Digital for VAT, recommendations from the Office of Tax Simplification on the reform of inheritance tax and implications from recent IR35 employment status tribunal rulings.

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New VAT rules for building and construction services – The VAT Reverse Charge

From the 1 October 2019 the way that contractors and sub-contractors deal with VAT is changing for VAT-registered builders and contractors who either purchase or provide services. Whilst this is in principle an administration change it can impact on cashflows. Supplies that are affected: The domestic reverse charge will only affect supplies at the standard[…] Read more »

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Finding the right balance: main theme of Financial Update, summer 2019

Several articles in the press over last few months have highlighted the impact of the ongoing uncertainly around Brexit not only on businesses, but also individuals. Alongside the daily stresses of work and family, we’ve all had to contend with the rollercoaster of deadlines and votes, whatever our feelings on the outcome. Finding a balance[…] Read more »

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Philip Hammond’s concise Spring Statement in the eye of Brexit storm

The Chancellor rose in a parliament preoccupied with the ongoing Brexit drama to deliver a Spring Statement on the state of the economy. Mr Hammond made clear some while ago that he wanted his Spring Statement to be a short financial briefing and he stuck to a no-frills script. There were no new tax measures[…] Read more »

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Investment incentives amidst Brexit uncertainty

Brexit continues to dominate the news, notably in the context of potential business migrations, like Dyson. In this context, it is not surprising that the government is now seeking to encourage investment in the UK, given this potential trend.

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Tax Year-end Planning Tips for Individuals

With the end of the tax year on 5 April fast approaching, now is the time to review your tax position. Is there anything you can do to reduce your tax bill(s) for this year? To help you better plan for your tax before the year end, DTE Tax Partner George Lovell, together with our team[…] Read more »

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MTD and Digital Records

HMRC has clarified that records that are not required to complete a VAT return (or are not specified in VAT Notice 200/22) do not need to be kept in functional compatible software. The VAT (Amendment) Regulations contain the provisions with regard to recording and keeping of information in electronic form: 1. The name of the[…] Read more »

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Budget 2018 – Changes to key duties [Infographic]

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Key changes affecting your personal taxes in Budget 2018 [Infographic]

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