CBW, now part of Gravita, named as a top 25 mid-sized company to work for in the UK, by ‘Best Companies’ 2023 survey
For the second year running, we are delighted to announce that CBW, now part of Gravita, has been awarded a 1* accreditation, classifying us as ‘a very good company to work for’. This classification shows not only that Gravita takes workplace engagement seriously, but also plays its part in helping to make the world a […]
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 […]
How technology is transforming professional services firms
In the digital age, technology is reshaping the landscape of industries, and professional services firms are no exception. From automation to data analytics, cloud computing to artificial intelligence, technological advancements are revolutionising the way these firms operate. We explore how technology is transforming professional services firms, enabling them to enhance efficiency, improve client service, and […]
Domicile and its impact on an individual’s tax position
Written by Tax Partner, Michaela Lamb The way you are taxed in the UK will be affected by not only your Residency status, but also where you are domiciled. What is domicile status? Domicile is a legal concept and whilst an individual can be a resident in more than one country at the same time, they can only […]
Basis period reform – Changes to how unincorporated businesses are assessed to income tax
Written by Tax Partner, Thomas Adcock If you are self-employed, or work together with others in partnership, you maybe be affected by new rules which came into effect on 6th April 2023. These rules will not affect you if your accounting year end is either 31st March or 1st – 5th April, as such year […]