London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552
tax and financial insights”

Business Blog

Implications of Brexit for the UK’s direct taxes

Now that Article 50 has been triggered what are the implications for the UK’s direct taxes? UK direct taxes, unlike VAT, are purely governed by domestic law not EU law, apart from the requirement not to discriminate against other EU nationals and to comply with the fundamental freedoms and state aid regulations. If the UK were to leave the EU...


Date: 2nd May, 2017
Author: David Hadley

How attractive is the current UK market for overseas investors?

With the Prime Minister recently triggering Article 50, the potential impact of the Brexit deal to be negotiated comes into sharper focus with the nature of the trade deal likely to impact on future foreign investment in the UK.  Foreign investment is important to the future UK economic landscape as it increases national productivity, and...


Date: 2nd May, 2017
Author: Ross Lane

VAT Implications of Brexit

Investing in the UK was traditionally both an investment in a large modern economy as well as a smooth gateway into the EU, one of the world’s foremost trading blocks.  For those outside the EU the bemusement at the British people's decision to leave will now be tempered with a cold hard look at what the UK can still...


Date: 2nd May, 2017
Author: Richard Collier

Government places Making Tax Digital legislation on hold

The provisions on  Making Tax Digital have been removed from the abbreviated Finance Bill that was truncated due to the General Election.  The general view is that the delay is a good thing,  the provisions represent a major change in the way tax works and the delay will allow more time for proper scrutiny before introduction....


Date: 27th April, 2017
Author: Cathy Corns

Proposed tax changes for non-resident companies

Currently non-UK resident companies pay income tax on rental profits from UK property.  However, the government has now introduced new rules limiting loss offset profits on over £5 million and potentially restricting relief for interest charges over £2 million.  These rules only apply for corporation tax and hence not to...


Date: 21st April, 2017
Author: Cathy Corns

Company Car Tax – deciding to change your company car?

The government has now confirmed the tax rates for company cars up to 5 April 2021.  The changes highlight the discrepancy between the tax on a car with low to medium CO2  emissions compared to a car with high CO2  emissions.  There has been no change to the maximum amount chargeable for the high emission cars, it is still at...


Date: 20th April, 2017
Author: Cathy Corns

Penalties under Making Tax Digital (MTD)

HMRC has issued a further document setting out its proposed options for the new penalties under the MTD regime. The consultation covers penalties for late submission and late payment.  It outlines three options for a new penalty for non-deliberate failures to meet filing deadlines.  HMRC says that the aim is for these to operate for all...


Date: 13th April, 2017
Author: Cathy Corns

Employee reimbursed expenses

HMRC is looking at the position on taxation of expenses paid to employees, in particular, the areas where payments are made in respect of pure business costs.  It is seeking information on employer practices with a view to re-examining the current tax situation and establishing the position for the future.  Accordingly, a call for...


Date: 12th April, 2017
Author: Cathy Corns

EIS and SEIS Advance Assurance – no changes – yet

HMRC has now published a summary of responses to the consultation on EIS/SEIS Advance Assurance consultation.  There are no recommendations for action but HMRC will publish a full report late in the year. It appears that HMRC will be focusing on reducing “unnecessary” demand, improving communications and guidance and introducing...


Date: 31st March, 2017
Author: Jacqui Gudgion

Spring Budget 2017 - NIC update

Further to our Budget newsletter you may have heard that the Chancellor has now announced that he will not be going ahead with the proposed increase in class 4 NIC for the self-employed.  He previously announced that the rate would increase by 1% to 10% in 2018/19 and a further 1% to 11% in 2019/20.  The proposal was controversial not...


Date: 20th March, 2017
Author: Jacqui Gudgion

Page 1 of 115 pages  1 2 3 >  Last ›

Contact a Business Service Partner


#Tax issues when disposing of a UK rental property - useful tips #landlords @mercerhole via @accountancylive

David Hadley presented at the Payroll World Spring Update @hadled #NIC #Payroll



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn