HB&O Blog

The launch of Making Tax Digital is only a few months away – but are you eligible to delay your start date?

There are certain circumstances that mean you or your business may be entitled to an extension on your start date or, in some situations, be wholly exempt from the scheme.

28 Jan 19

All non-refunded deposits to fall within scope of VAT from March

From 1st March 2019, HMRC is changing the way VAT is accounted for when deposits are paid but the supply is not fulfilled.

09 Jan 19

Act now to apply for Brexit preparation funding

HMRC has announced that businesses can apply for a grant to help fund training and IT improvements for those that are involved/or will be involved in the completion and submission of Customs Declarations, as part of the preparations for the UK leaving the European Union.

20 Dec 18

Planning a good exit

In our experience, business owners should start getting their house in order five years before they intend to leave their business.

19 Dec 18

Tax-friendly treats for your staff

Did you know there’s a tax efficient way to treat your staff? If you’re thinking of buying small gifts for your team in the run up to Christmas, here’s what you need to know.

14 Dec 18

Landlord Tax - what you need to know

Buying properties with the sole purpose of renting it out has widely become a popular source of income, but what are the tax implications of buying property to let?

30 Nov 18

VAT and non-UK businesses selling Goods in the UK

If you are a business located outside the EU and you are selling goods to a UK consumer (via an online marketplace or via an alternative route), then you may need to register for and account for UK VAT on sales of goods. We can help.

16 Nov 18

What does a no deal Brexit mean for VAT?

Back in the summer when the deadline for a Brexit deal still felt reasonably far away, HMRC published guidance for businesses on what would happen to VAT in the “unlikely” scenario that we leave the EU without a deal.

02 Nov 18

Budget blog: Positive news for Charities

The Government has announced that as from April 2019, charities that are engaged in trading activities can receive an increase in the exemption limits for profits earned from those trading activities.

31 Oct 18

Budget blog: Entrepreneurs relief – do you still qualify?

In addition to the extension to the of the qualifying period for entrepreneurs’ relief from one year to two years, a disposal of shares in a personal company has also seen a change to tests of a ‘personal company’.

31 Oct 18