Should your charity pay VAT? Understanding reliefs, reclaims, and registration
We often get asked whether charities should pay VAT or not. It’s complex and it depends. There are some ‘reliefs’ available for charities, so they do not always have to pay VAT, but such reliefs are very specific, and the relevant conditions must be met. Unfortunately, many costs incurred by charities will include VAT. However, […]
Gravita’s Spring Budget Report 2024
With the release of the Spring Budget, sign-up to download Gravita’s Spring Budget Report, detailing everything you need to know about what the changes and implications could mean for you.
Gravita celebrates International Women’s Day
Our DFK International* Women in Leadership Mentoring Programme allows some of our senior Gravita women to serve as mentors to other more junior female accountants, helping to create the next generation of female leaders in accountancy across the world. Having an experienced mentor who can draw upon personal experience in similar positions is invaluable when […]
Multiple Dwellings Relief (MDR) to be abolished
Written by Tax Partner, Thomas Adcock The Stamp Duty Land Tax (SDLT) relief know as Multiple Dwellings Relief (MDR) will be removed for completions taking place after 1 June 2024. Currently, where multiple properties are purchased at the same time, MDR applies to reduce the rate of SDLT payable. Property transactions with contracts which […]
Taxation of known non-domiciled individuals to be reformed
Written by Tax Partner, Thomas Adcock In yesterday’s 2024 Spring Budget, the Chancellor announced that the regime for taxing individuals who are not domiciled or deemed domiciled in the UK will be reformed from 6 April 2025, with transitional reliefs during 2025/6 and 2026/7. Currently, individuals who are not UK domiciled and who have been […]
Spring Budget Highlights 2024
The Chancellor’s Spring Budget 2024 was expected to be one of the most political Budgets of recent times – and it didn’t disappoint. This is, after all, the final chance for the Government to show the voting public what tax could look like under a continuing Conservative Government. Whatever happens, no one really expects this […]
Personal landlords: The Capital Gains Tax (CGT) regime
Individual landlords renting out residential property have to comply with a very stringent tax regime at present. They have to disallow their buy to let loan interest for higher rate income tax purposes. They can only claim relief when they replace the furniture and they have to pay an extra 3% stamp duty land […]
Webinar recording: R&D reinvented: Unlocking the power of innovation in the tech sector – Part Two
Gravita Corporate Tax Director, Kate Greenhough, and Gravita R&D Associate Director, Pieres Flowers, presented a webinar on R&D reinvented: Unlocking the power of innovation in the tech sector. If you attended Gravita’s previous R&D webinar in September 2023, we still recommend you watch this one as it will provide you with changes announced in […]
Gravita’s Year End Tax Planner for Corporates
Gravita’s Corporate Year End Tax Planner is a guide designed to assist you in optimising your tax strategy before your year end. This guide will equip you with crucial knowledge of incentives, tax reliefs, and allowances, some of which have the potential to significantly benefit your business. Here are just some of the areas you […]
Webinar recording: Business Tax Refresher & Planning – Part Two
Gravita Tax Consultant, Tim Palmer, presented a one hour Business Tax Refresher & Planning webinar. Tim built further on the first Business Tax webinar that he presented for us in October 2023 – (do not worry if you were unable to attend the first webinar as the below was a stand-alone event.) During this session, […]