By

Brian Jukes

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5 reasons to protect yourself from an HMRC enquiry

In the UK we live in an environment whereby the taxpayer is responsible for their own tax liability. HMRC opens investigations to see if the taxpayer has paid the right amount of tax on a random or selective basis. All this helps the government fill its ever expanding public finance black hole. Dealing with HMRC… Read More

Big changes ahead in the contractor market

There seems to be a general perception within HMRC that most, if not all, taxpayers are determined to avoid tax if ever they can.  If, like me, you have worked in public practice accountancy for many years, you will no doubt have come across some people for whom HMRC’s perception is absolutely right, but these people… Read More

The tax impact of BREXIT Part 2 – VAT

Part 2 of my BREXIT tax review focusses on Vat, which will be the main tax area impacted by the UK’s impending exit from the EU. The main BREXIT tax focus is on VAT of course, because this is a tax that crosses borders and the UK has been part of a so-called unified VAT… Read More

The tax impact of BREXIT Part 1

In this brief and very welcome Brexit news hiatus, I thought it was worth a quick check back on trying to understand the tax effects of Brexit. In this first post I will quickly mention corporation tax, income tax and payroll taxes, leaving the main event, VAT, for Part 2. Corporation tax Brexit has placed… Read More

The Spring Statement – a Tax Adviser’s Perspective

The Chancellor was good to his word – he promised he wasn’t going to use the Spring Statement as a mini-Budget and sure enough, there wasn’t a single new measure announced relating to tax. An hour of my life I’m never going to get back you might say.  Well, not quite.  It was interesting for… Read More

The devil is in the detail – A response to the HMRC ‘no deal’ letter

The current political machinations surrounding attempts to reach an agreement with the EU for an orderly exit on 29th March are bringing into focus the very real possibility of a no deal exit, so much so that HMRC have recently written to many VAT registered traders to advise on actions to take to plan for that… Read More

Planning for the Temporary Increase in Annual Investment Allowances

Annual Investment Allowances seem to have become a favourite tool for successive Chancellors to tinker with the tax system in recent years. The latest Budget saw an announcement of a temporary increase in the Annual Investment Allowance (AIA) to £1,000,000 which will apply from 1 January 2019 to 31 December 2020. There are a limited… Read More

Import/Export in No-deal Brexit Land

The latest noises coming from the EU are suggesting that a no-deal Brexit is looking more and more likely. The full ramifications of that will only be seen over a long period of time, but the immediate concern for many UK businesses will be what does this mean for the movement of goods to and… Read More

The Potentially Seismic Impact of ‘Trump Tax’

Love him or loathe him, Donald Trump cannot be accused of being a man who makes hollow promises. One of his campaign statements was an intent to amend the US tax system to remove the conditions that have incentivised large corporations not to bring foreign source profits back to the US. In simple terms, a… Read More

Share & business valuations – when might you need them?

Placing a value on a private company or unincorporated business is no mean feat. However, a business valuation can often prove invaluable or even essential. As Dafferns’ business valuations expert, I’ve listed five occasions when you might need to have your company shares and/or business valued… To prepare for sale/purchase negotiations Knowing how much a… Read More

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