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Doing business in a foreign country

Let’s explore the risks and benefits of investing or expanding outside of the UK. When considering business options it is important to look at the options, opportunities and any constraints. This will inevitably include: the type of entity (typically an agency,...

Challenges of capital allowances

Establishing the primary function of an asset can be hugely important. The distinction between plant and building is an important one from a tax perspective. When made incorrectly, it will have a significant tax cost in either lost or incorrectly claimed capital...

MTD – VAT return letters wrong

HMRC is aware that some ‘VAT notice of assessment of tax’ letters recently sent to Making Tax Digital customers were issued in error. If the business has already submitted the VAT return in question and paid the tax due/received its repayment, it can...

ACCA Latest Brexit Guidance

With the date for Brexit now extended beyond 31 October, ACCA summarises some of the latest Brexit Guidance for businesses  Landlords: right to rent There will be no changes to the right to rent for EU, EEA and Swiss citizens and their family members living in the UK...

Probate and its hidden dangers

When administering an estate can result in a financial loss.  A personal representative of an estate has various responsibilities. If the will names the person or entity who is to deal with the estate that person or entity is referred to as the executor. If there is...

Deeds of Variation for a Will

How beneficiaries can vary the outcome of a will. When to consider A deed of variation (also known as a deed of family arrangement) may be appropriate to consider either when there is a will or when someone dies intestate (without a will). If the beneficiaries (or at...