Meet the experts: Victor Dauppe
Gravita is made up of so many talented individuals. It’s their talent and knowledge that makes us who we are. It’s why we want to showcase those who work here, so you can get to know the people behind the expertise. In this post, we meet Victor Dauppe, an incredibly talented, articulate and charismatic chartered accountant […]
Research and development reforms: Changes from April 2023 and what they mean for you
Written by Tax Partner, Toby Hermitage As announced in the recent Budget, the government has tightened and restricted the availability of research and development (R&D) tax reliefs in response to a recent increase in fraudulent R&D tax credit claims. The key measures introduced are as follows: Enhanced R&D tax relief available for SMEs is to […]
ESG: How green are you?
Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-managed a business is. By looking at your business through an ESG lens, you may be able to predict how sustainable it is in the long run. In this article, we’ll discuss how to assess your […]
Received a ‘nudge’ letter from HMRC? Here’s what you should know
HMRC have sent ‘nudge’ letters to individuals who they believe have undeclared income from letting holiday homes and properties through sites such as Airbnb and Booking.com. Key dates If you have received income from holiday lets, you must inform HMRC by completing a self-assessment tax return. This return must be filed online, no later […]
How do you open a UK branch?
Trading with the UK has changed significantly since Brexit came into force, an increasing number of overseas businesses are opening offices in the UK. If you are considering establishing your business in the UK to make trade easier, here is an outline of some of the benefits, tax law considerations, and how to start the […]
How can I use a Trust to reduce Inheritance Tax?
Anyone can use a trust to reduce inheritance tax liability on their estate, enabling them to pass on more wealth to their beneficiaries. While trusts are one of several tax-efficient ways to reduce the value of an estate, they are also the most complex inheritance tax planning method. It’s fair to say that […]
How to maximise Inheritance Tax relief with hybrid 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 […]
Employment related securities, what is a section 431 election?
Written by Tax Partner, Michaela Lamb Normally, an award of shares to an employee or director would be liable to both income tax and national insurance (NIC) based on the market value of the shares at the time that they are exercised. In the past, to mitigate costly income tax and NIC, an employer might […]
Planning on separating and divorce? Important CGT changes proposed from April 2023
Written by Tax Partner, Michaela Lamb HMRC released a Policy Paper back in July 2022 setting out welcome changes from 6th April 2023 to the CGT rules for married couples and civil partners who are in the process of separating. The proposals set out an extended window in which the marital assets can be shared […]
Spring Budget report 2023
Download report Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing. Ahead of time, we expected the Chancellor’s speech – dubbed the ‘back to work Budget’ by the media – to focus on […]