Blog Archives

Patent Box – upcoming changes

The Patent Box is a Government funded scheme that enables companies to apply a lower rate of Corporation Tax to profits earned from its patented inventions. This lower rate is 10% and applies to profits earned after 1 April 2013.

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Debt Collection laws set to be repealed – after 747 years

In the modern business world laws seem to be passed and amended with frightening speed and regularity. So spare a thought for 2 of the oldest pieces of English legislation, concerning debt collection, which are soon to be repealed as

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Changed to stamp duty

Changes mentioned in the 2014 Autumn Statement regarding stamp duty, the tax you pay when buying a house, are now in place. Instead of paying a single rate of tax on the entire price of the property, it is now

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Business rates refunds for SMEs

Companies based in a single property with a rateable value of less than £18,000 may be eligible for a business rates refund, which can be backdated to April 2010. Despite this over 90% of local authorities in England are failing

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New EU VAT regulation affects digital product sales

If your business sells e-books, e-courses, recorded training videos, music and audio downloads to customers in EU countries, a new EU VAT regulation coming into effect on 1 January 2015 will have implications for your business. The new rules were

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IP – do I have anything to protect?

Your company brand could be very valuable and may be worth protecting. Your brand includes names, symbols, strap lines, logos and packaging and failure to protect it could mean that any other company could gain from your hard work, effort

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If your company employs commercial drivers are they qualified?

If your business employs commercial drivers, a change in the law that came into force from 10 September 2014 will affect how you operate. All professional drivers, eg lorry, bus and coach drivers, must pass the Drivers Certificate of Professional

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Providing references

Every business owner will have to provide references at some stage, and it will normally occur when a member of staff has left and their new employer asks you as their previous employer. It all sounds petty easy but several

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Video game tax relief

The video game tax relief legislation, which came into force officially on 1 April 2014 can now be used by British companies developing video games, to claim tax relief of up to 25% on their production costs. http://www.accountingweb.co.uk/article/video-game-tax-relief-comes-force/563088  

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HMRC looks to tighten tax evasion further with jail a possibility

HMRC is consulting on the design of new legislation which will introduce a new strict liability criminal offence that could mean jail for those who do not declare taxable offshore income, even if they have no criminal intent. The new

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