Webinar: Business tax refresher and planning

Register here We invite you to join us and Tim Palmer, Tax Consultant, at our webinar on 24th October for a business tax refresher and planning. During this session, Tim will be covering: Tax refresher and planning for self-employed clients and partnerships The switch to the fiscal year basis Capital allowances update Tax […]
R&D reinvented: Unlocking the power of innovation in the tech sector

On 20th September 2023, from 9:00am – 9:45am, our team of Research and Development (R&D) experts will be hosting an exclusive webinar that will revolutionise your understanding of the changes to R&D tax relief. Get ready to navigate the future with us! Overview: Since 1st April 2023, significant changes have shaken the landscape of R&D […]
Bringing fresh clarity to Gravita

As we wrote to clients a few weeks ago, we’re taking steps to simplify both Gravita’s brand image and corporate structure. This follows a series of new firms joining Gravita which have brought greater scale, depth, and an ability to deliver a wider range of services to our clients. The latest corporate development […]
Pandora Papers: Everything you need to know

What are the Pandora Papers? The International Consortium of Investigative Journalists (ICIJ) conducted what it described on its website as a ‘massive cross-border investigation’ that resulted in what became known as the Panama Papers. It was essentially a giant leak of more than 11.5 million financial and legal records. This was followed by the […]
Business property relief: IHT exemptions for business activity

Written by Tax Partner, Parminder Chattha Inheritance Tax (IHT) is chargeable on the value of an estate when someone dies, although it could also be chargeable on certain lifetime transfers, as well on property held within a relevant property trust. The rate of tax is 40% above a certain exempt amount, and there are various […]
Rules for the reporting and payment of capital gains tax for the disposal of UK residential property

Written by Tax Partner, Michaela Lamb HMRC introduced new rules for the reporting of capital gains tax from 6th April 2020. We have set out below a list of FAQs which we hope will assist you in understanding these rules. I have sold a UK property, what do I need to tell HMRC? If […]
World Environmental Day: Empowering change with Computer Aid

This week we have celebrated World Environmental Day, a day to encourage awareness and action for the protection of the environment. As we commemorate World Environmental Day here at Gravita, we are reflecting on addressing the environmental challenges we face and continue to look for ways to increase sustainability and play our part in creating […]
Associated companies: Companies paying tax sooner and more often

Written by Tax Partner, Thomas Adcock From 1st April 2023, the number of companies that your company is associated to will increase the risk that not only will those companies have to pay a higher rate of tax on their profits, but that this tax may have to be paid more regularly and far sooner. […]
Six inheritance tax myths debunked

Written by Tax Partner, Parminder Chattha It raises a large amount of money for the government Total inheritance tax (IHT) receipts in FY21/22 equated to £6.1bn and is forecast to rise in 2023/24 to £7.2bn. This was up 14% from the prior financial year by £729m. However, total tax receipts for 2021 and 2022 equated […]
Navigating through some R&D tax complexities

Written by Tax Partner, Parminder Chattha . It is common knowledge amongst the industry that HMRC are focusing on R&D tax credit claims, with a significant increase in enquiries. Historically, claims would be enquired into before any payment was made to the claimant company, which most would agree is a sensible approach. Nevertheless, the enquiry […]