IR35: The Bigger Picture
In today’s world, there are a number of IR35 problems for bigger engagers. Nowadays the onus is very much placed on larger organisations who regularly engage personal service companies to decide if the intermediaries legislation (commonly known as IR35) applies to their particular engagement. For example, you might have a large engager Lewis, who has […]
How Gravita successfully defended a client’s R&D Tax Relief claim in an HMRC investigation
Written by Tax Partner, Dion Laycock Gravita’s team, led by Dion Laycock, Head of Tax Investigations, used their expertise in R&D tax to successfully defend a client in a recent HMRC investigation in an important victory for innovators. R&D tax credit reliefs are a useful incentive for innovation in the UK. They let businesses reinvest […]
Webinar Recording: Business Tax Refresher and Planning
We recently presented a webinar on the latest tax news and developments for businesses. During this session, we covered the following: Latest tax news and developments for businesses Basis period reform Corporation tax planning Capital allowances refresher The use of Family Investment Companies Recent tax cases General overview What next? Should you have any questions, please do […]
HMRC Cryptoasset Disclosure Facility: What you need to know
Written by Tax Partner, Thomas Adcock Love them or loathe them, cryptoassets are now a familiar form of investment. However, how they are taxed and how to report taxes due can be mystifying for most. Is it trading? Is it capital gain? Is it gambling? The lines can be blurred, although these days we […]
Capital Gains Tax Under Labour: What Could Change?
Written by Tax Partner, Thomas Adcock Typically, we avoid speculating on potential changes in tax legislation, as discussing the ‘what ifs’ can often be unproductive. While the doomsayer’s predictions rarely come to pass, we believe an exception is warranted in this case. It appears highly likely that Labour’s first Budget in fourteen years will include […]
Webinar recording: Transfer Pricing – Everything you need to know, and why it is so important in the UK right now
Transfer pricing is a critical aspect of international business. In in this webinar we delved into the complexities of transfer pricing in the UK right now and provided insights on how to navigate this challenging landscape. This webinar was be presented by Thomas Adcock, Gravita Tax Partner, and Ben Miller, Bennett Thrasher Partner and leader […]
Interest Restrictions for Private Landlords
Written by Tax Partner, Michaela Lamb Although the amount of mortgage interest relief available to non-corporate landlords on residential property has been restricted since 2017 (firstly with a 3-year phased-in period, then fully since 6 April 2020), many landlords are reaching the end of low-interest rate fixed deals, and previously excluded Furnished Holiday Let (FHL) […]
Abolition of Furnished Holiday Lettings (FHL) Tax Regime
Written by Tax Partner, Michaela Lamb In the Chancellors’ Autumn Budget in October 2024, a number of publications were released setting out changes which will be brought into force on 5th April 2025. The previous Government had already announced that the Furnished Holiday Lettings (FHL) rules would be abolished, but surprisingly the measure was […]
Rewarding Key Employees – What Are Your Options?
Written by Tax Partner, Michaela Lamb Granting Share Options to employees is a great way to incentivise and retain key people in a business and provides a practical alternative to making an outright award of shares. Doing this is not a new concept, and these schemes have been around for years. But with the […]
Rachel Reeves’ tax updates for non-doms: What you need to know
As expected, the new Chancellor, Rachel Reeves, has now released further details of the changes to the taxation of ‘non-doms’ that will go ahead under the Labour Government. This will see the scrapping of the concept of domicile with a shift towards a residency based system. Many of the proposals made by her predecessor in […]