The Government has announced the forthcoming introduction of new rules to prevent abuse of a ‘tax loophole’ associated with holiday lets. What is a holiday let? Holiday lets are properties let out, short-term, for the sole purpose of ‘holidaying’. Typically
Local grant funding is being made available to businesses impacted by national and local restrictions, via local councils. Local Restrictions Support Grant (LSRG (Closed)) Businesses that were open but required to close because of local restrictions may be eligible to
The Chancellor has set out a package of ‘temporary, timely and targeted’ measures to support public services, individuals and businesses throughout this period of disruption and uncertainty caused by the outbreak and ongoing spread of Coronavirus. Here, we summarise what
According to Government figures, business rates appeals have fallen drastically since the new ‘Check, Challenge, Appeal’ system was introduced in April 2017. Between 1 April 2017 and 31 December 2017, only 1,210 valuations were challenged. This represents a 99.3% reduction
Yesterday, Philip Hammond delivered his second Budget of 2017, the Autumn Budget. This follows the move to one major fiscal event each year, announced last November. After the snap general election, many had anticipated major changes and brave decision-making. Though Hammond
Small and medium-sized enterprises (SME’s) have a huge role to play within the UK economy. Forecasts predict that they will contribute over £217bn to the nation’s pot by 2020. Despite this, productivity in the UK is still a problem as it currently sits
Yesterday afternoon The Chancellor, Philip Hammond, delivered his first and last Spring Budget, giving a promising speech in which he altered very little within the tax system promoting a level of stability that we, as accountants, can only approve of.