Supreme Court rules roof replacement company must pay £2.5 million VAT bill
A roof replacement company has been hit with a £2.5 million tax bill after a ruling that the insulated roof panels it supplied did not qualify for a VAT-reduced rating.
Category News
Budget Summary Spring 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Click here to download this newsletter
How do I grow my business internationally?
Many businesses find that they have gone as far as they can in the domestic market and are looking for new frontiers to explore.
What should you consider when starting your own business?
Starting a business can be an exciting and rewarding experience.
Businesses need to be prepared for changes to business rates from April
The Valuation Office Agency (VOA) has updated the rateable values of all business, and other non-domestic, properties in England and Wales. They will take effect from 1 April 2023.
Newsletter January/February 2023
Making the most of charitable giving. Charities carry out vital work in the community and have recently been much to the fore. They support almost any field you can think of – medical research, social justice, the environment, animal welfare…
Bronsens Autumn Statement 2022
Bronsens Autumn Statement 2022 The Chancellor Jeremy Hunt’s Autumn Statement came against the background of a Spring Statement and a September ‘mini-Budget’ (which has now been substantially reversed). The overall context is a European recession and high inflation in the…
Newsletter October/November 2022
Start planning for accounting basis changes Changes are coming for how self-employed individuals and partnerships calculate their taxable profits and return them to HMRC. At present, the profits of a tax year are generally based on the profits of the…
14 October 2022: The Growth Plan – an Update
On 14 October, as an important deadline loomed for Bank of England support of the government bond markets to expire, the government’s political turmoil ratcheted up as the fallout from the ‘fiscal event’ of 23 September claimed its first scalp.
Newsletter July/August 2022
What is employment? The Court of Appeal has for the first time ruled on employment status under the intermediaries legislation (often known as IR35) in two cases – and agreed with HMRC in both. In each case, the terms of…