“Is my income a grant or a fee?” is a common question we get asked. Clearly, a simple grant is outside the scope of VAT so there is no VAT to concern yourself with but where there is a fee, VAT may well be due.

Is my income a grant or a fee? Charity VAT and Grants

Andrew Walls - awalls@goodmanjones.com

Published on 26th January 2017

Categories:

• Charities & Social Businesses

The thing that might really put a £90,000 Porsche (or something similar) on a company director’s horizon is the fact that the company can potentially claim 100% of the purchase price against its Corporation Tax liability in the year of acquisition.

Do hybrids and ultra low emission vehicles provide a short-term tax saving opportunity?

Cetin Suleyman - Partner - csuleyman@goodmanjones.com

Published on 19th January 2017

Categories:

• Business Tax
• UK Business & Entrepreneurs

Ideally there would be no tax on a gift and much succession planning is based around eliminating these taxes.

Family Giving: Passing family business and other wealth between the generations

Graeme Blair - Partner - gblair@goodmanjones.com

Published on 15th December 2016

Categories:

• Business Tax
• Family Businesses
• Individuals & Families
• Personal Tax
• UK Business & Entrepreneurs

..there was an issue relating to corporate landlords who were paying income tax on rental income under the non-resident landlord scheme.

Non-resident corporate landlords: New Consultation in 2017

Michael Goldstein - Partner - mgoldstein@goodmanjones.com

Published on 2nd December 2016

Categories:

• Business Tax
• Individuals & Families
• International
• News
• Property & Construction
• UK Business & Entrepreneurs

Unfortunately, help for the JAMs means bread and dripping for those doing a little bit better.

The 2016 Autumn Statement

Richard Verge - Tax Director - rverge@goodmanjones.com

Published on 24th November 2016

Categories:

• Business Tax
• Individuals & Families
• News
• Personal Tax
• Property & Construction
• UK Business & Entrepreneurs

dopay is a fast moving, entrepreneurial organisation, so the ability to take decisions based on up-to-date financial information is critical.

Video: Helping an international business improve its financial reporting

Philip Woodgate - Partner - pwoodgate@goodmanjones.com

Published on 25th October 2016

Categories:

• Business Performance Improvement
• International
• News
• UK Business & Entrepreneurs

If HMRC are genuine in their desire to crack down on the inherent unfairness in the system they should make the employer once again responsible for all penalties under IR35. Faced with having to accept the risk of HMRC penalties, employers would likely stop insisting on employees setting up service companies and the problem would probably disappear overnight. The playing field would once again be levelled.

BBC paying their high earners through service companies – why is this a problem?

Richard Verge - Tax Director - rverge@goodmanjones.com

Published on 24th October 2016

Categories:

• News
• Professional Partnerships
• UK Business & Entrepreneurs

one of the concerns about incorporating a buy-to-let business is the Capital Gains Tax which is payable. With the cash resources and the appropriate appetite for risk this concern can be partially alleviated by use of EIS investments.

Should I Incorporate My Buy-To-Let Property? – Part 2

Graeme Blair - Partner - gblair@goodmanjones.com

Published on 11th October 2016

Categories:

• Business Tax
• Individuals & Families
• UK Business & Entrepreneurs

If implemented as planned this will be the biggest change to the tax system since the introduction of Self-Assessment 20 years ago.

Making Tax Digital

Richard Verge - Tax Director - rverge@goodmanjones.com

Published on 29th September 2016

Categories:

• Business Tax
• Individuals & Families
• News
• UK Business & Entrepreneurs

The proposals are relevant to individuals and partnerships of individuals with unincorporated property businesses. It is proposed that the cash basis would also be available to eligible non-UK resident landlords.

Making Tax Digital: Simplified cash basis for unincorporated property businesses

Graeme Blair - Partner - gblair@goodmanjones.com

Published on 29th September 2016

Categories:

• Business Tax
• News
• Professional Partnerships
• Property & Construction