IR35: Where are we now?
11/12/2024 The government introduced the ‘Intermediaries Legislation’ in the year 2000. It is commonly known as ‘IR35’. In very general terms, IR35 will be in point where for example, Fred is working regularly for the Bovit Group via his personal service company, Fred Limited. Bovit Group → Fred Ltd → Fred For IR35 to be […]
The 12 days of Christmas – VAT edition
Written by VAT Partner, Sandy Cochrane Have you ever wondered how VAT comes into play during the 12 days of Christmas carol? We have given the classic 12 days of Christmas carol a VAT twist, from VAT thresholds to reverse charge rules, we’ve wrapped up 12 key insights to help make your VAT journey […]
The 12 Days of Audit: a checklist for a stress-free process
Written by Audit Partner, Joseph Brewer Preparing for an audit may seem daunting, but with a clear plan, it becomes an opportunity to refine your processes, gain valuable insights, and ensure your financial records meet professional standards. This 12-step checklist serves as a practical guide to make your audit season as smooth and efficient as […]
Webinar recording: Demystifying COP 8, COP 9 and ADR
Gravita Tax Partner, Dion Laycock, presented a webinar on COP 8, COP 9, and ADR. During this session, Dion covered the following: Code of Practice 8 (COP 8) and Code of Practice 9 (COP 9): Tax investigation cases handled by the Fraud Investigation Service (FIS) Who are FIS and what role do they […]
What are the tax benefits of marriage in the UK?
Written by Tax Partner, Michaela Lamb 2023 was a bumper year for weddings in the UK – over 245,000 in fact, which is a marked increase on pre-pandemic figures when the number of couples committing to a marriage or civil union had been in steady decline. Divorce rates have also been falling over the last […]
Submitting your tax return in good time over the festive period
Written by Tax Partner, Michaela Lamb Do you leave your tax return to the last minute? At Gravita, we love a statistic, and in 2024 more than 12 million of us were expected to file a tax return in the UK. HMRC estimated that 1.1 million missed the deadline. And we imagine for the majority, […]
Webinar recording: Capital Gains Tax Refresher and Planning
We recently presented a webinar on the latest tax news and developments relating to capital gains tax. During this session, we cover the following: Latest tax news and developments relating to capital gains tax A review of the CGT changes made in the October 2024 Budget Capital gains tax planning in 2024/25 for individuals The CGT pay […]
Schedule 36: HMRC’s power to obtain information explained
Written by Tax Partner, Dion Laycock Under Schedule 36 of the Finance Act 2008, HMRC has the authority to request information from taxpayers to ensure tax compliance. This wide-reaching power allows HMRC to check an individual’s or company’s tax position, whether for routine checks or more in-depth investigations. Here’s an in-depth look at what Schedule […]
What’s happening with Employers’ National Insurance contributions?
The Autumn Budget has dealt a blow to UK employers, with a sharp increase in Employers’ National Insurance (NI) contributions coming into force from April 2025. The rate employers will need to pay rose from 13.8% to 15% while the secondary threshold dropped to £5000, from £9100. With companies already navigating cost pressures and a […]
Gravita appoints Corporate and International Tax Partner Fiona Cross
Top 30 accountancy firm Gravita appoints Fiona Cross and releases data on gender diversity at Partner level. LONDON, [22 November] 2024: Top 30 accountancy firm Gravita has bolstered its team with the appointment of Corporate and International Tax specialist, Fiona Cross. Fiona brings several decades of experience at Partner level in tax advisory, working […]