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eBay has confirmed that it will start charging 20% VAT In response to HMRC’s clampdown on unregistered online traders, eBay has confirmed that it will start charging VAT at 20% on its fees to businesses trading in the UK. This will commence on 1 August 2017, following a restructuring by eBay which results in UK… Read more

When undertaking tax planning for high net worth clients, trusts can be used as a way of sheltering wealth from inheritance tax in a very efficient manner.  However, the Conservative Party manifesto plainly said that they intended to review the mis-use of trusts. Thus, there are justified concerns that the Government may soon try to… Read more

The Daily Mail has published Mark Fielden’s comments on how to benefit from an attractive tax regime under the rules applying to Furnished Holiday Lets.

The long awaited “Good Work” Report was published on 11 July 2017. The Government is on board with the aims of the report i.e. reforming employment law so that it better protects individuals providing services within the gig economy. The gig economy is a labour market which predominantly uses self-employed contractors and workers, not employees. … Read more

eprivateclient has again nominated Kingston Smith as one of their top accountancy firms for 2017. The Private Client Services team, lead by tax partners Andrew Shaw and Lynne Rowland, are delighted with this accolade as it demonstrates the degree of expertise the firm offers its clients across all levels of personal tax, including advising entrepreneurs as… Read more

Is it time to scrap Stamp Duty?

11.08.17 / Insight posted in ,

Recent academic research from the London School of Economics and the VATT Institute for Economic Research suggests that the rising cost of Stamp Duty Land Tax (SDLT) is hampering the property market and making it difficult for owner occupiers to upsize or indeed downsize. The stated policy of the successive governments is to free up… Read more

R&D tax relief is one of the Government’s most important policies designed to promote innovation in the UK. Companies who qualify for the SME scheme (broadly those with fewer than 500 employees) can claim an enhanced tax deduction for qualifying expenditure which, for profitable companies, based on current rates of tax gives rise to an… Read more

HMRC pursues £69 as well as three penalties We only cover penalty cases if there are special or unusual points and this is one such case. It involved appeals against an assessment for VAT of £69, and against three assessments of a penalty for £780, £8.85 and £10.35. The Judge stated at the beginning of… Read more

The Government’s “Making Tax Digital” plans will ultimately lead to the biggest revolution in the administration of the UK tax system for decades. What was an extremely challenging timetable has been relaxed but, even so, many businesses will need to begin planning to meet their new obligations. This document summarises what Making Tax Digital will… Read more

In an article for FT Adviser, tax partner Andrew Constable warns tax loophole seekers that the GAAR has teeth. Speaking about a scheme that tried to avoid tax by paying salaries in gold bullion, which the GAAR advisory panel labelled “abnormal and contrived”, Andrew explains: “The GAAR was designed to hit the parts of the… Read more

Weekly VAT Update – 15 August 2017

15.08.17 / Insight posted in ,

eBay has confirmed that it will start charging 20% VAT In response to HMRC’s clampdown on unregistered online traders, eBay has confirmed that it will start charging VAT at 20% on its fees to businesses trading in the UK. This will commence on 1 August 2017, following a restructuring by eBay which results in UK… Read more

eprivateclient: Can the UK Government be trusted on trusts?

15.08.17 / Insight posted in ,

When undertaking tax planning for high net worth clients, trusts can be used as a way of sheltering wealth from inheritance tax in a very efficient manner.  However, the Conservative Party manifesto plainly said that they intended to review the mis-use of trusts. Thus, there are justified concerns that the Government may soon try to… Read more

The Daily Mail: Could you buy a family holiday home and attract tax benefits?

15.08.17 / Insight posted in

The Daily Mail has published Mark Fielden’s comments on how to benefit from an attractive tax regime under the rules applying to Furnished Holiday Lets.

The Taylor Review – new employment laws for a modern economy?

15.08.17 / Insight posted in ,

The long awaited “Good Work” Report was published on 11 July 2017. The Government is on board with the aims of the report i.e. reforming employment law so that it better protects individuals providing services within the gig economy. The gig economy is a labour market which predominantly uses self-employed contractors and workers, not employees. … Read more

Kingston Smith named as one of the top accountancy firms for 2017 by eprivateclient

14.08.17 / Insight posted in ,

eprivateclient has again nominated Kingston Smith as one of their top accountancy firms for 2017. The Private Client Services team, lead by tax partners Andrew Shaw and Lynne Rowland, are delighted with this accolade as it demonstrates the degree of expertise the firm offers its clients across all levels of personal tax, including advising entrepreneurs as… Read more

Is it time to scrap Stamp Duty?

11.08.17 / Insight posted in ,

Recent academic research from the London School of Economics and the VATT Institute for Economic Research suggests that the rising cost of Stamp Duty Land Tax (SDLT) is hampering the property market and making it difficult for owner occupiers to upsize or indeed downsize. The stated policy of the successive governments is to free up… Read more

Property Alert – R&D in the property and construction industry – are you missing out on a valuable tax relief?

11.08.17 / Insight posted in

R&D tax relief is one of the Government’s most important policies designed to promote innovation in the UK. Companies who qualify for the SME scheme (broadly those with fewer than 500 employees) can claim an enhanced tax deduction for qualifying expenditure which, for profitable companies, based on current rates of tax gives rise to an… Read more

Weekly VAT Update – 8 August 2017

09.08.17 / Insight posted in ,

HMRC pursues £69 as well as three penalties We only cover penalty cases if there are special or unusual points and this is one such case. It involved appeals against an assessment for VAT of £69, and against three assessments of a penalty for £780, £8.85 and £10.35. The Judge stated at the beginning of… Read more

Making Tax Digital – What will it mean for you?

08.08.17 / Insight posted in

The Government’s “Making Tax Digital” plans will ultimately lead to the biggest revolution in the administration of the UK tax system for decades. What was an extremely challenging timetable has been relaxed but, even so, many businesses will need to begin planning to meet their new obligations. This document summarises what Making Tax Digital will… Read more

FT Adviser: Gold tax dodge scheme shows GAAR has teeth, says Andrew Constable

08.08.17 / Insight posted in

In an article for FT Adviser, tax partner Andrew Constable warns tax loophole seekers that the GAAR has teeth. Speaking about a scheme that tried to avoid tax by paying salaries in gold bullion, which the GAAR advisory panel labelled “abnormal and contrived”, Andrew explains: “The GAAR was designed to hit the parts of the… Read more

Employment tax seminar

Starts: September 13, 2017 8:30am | W1T 1QL

Having seen important changes to employment tax over the last couple of years, we would like to invite you to an Employment Tax seminar. The Taylor Review of Modern Working Practices sets a challenging agenda for the Government and will impact all businesses. This session will pull threads from the review and warn businesses what… Read more

Masterclass in Business Improvement, for start-ups and high-growth businesses

Starts: September 19, 2017 8:30am | W1T 1QL

This event is for PRCA members only. This Masterclass is aimed at start-up businesses, and those in their high-growth phase. Matters covered will include: Getting the business fundamentals right – offer, positioning and reputation Working the cash management cycle Understanding client profitability What good results look like – Balance sheet and P&L KPI’s What good… Read more

Masterclass in Business Improvement for established, successful businesses

Starts: September 20, 2017 8:30am | W1T 1QL

This event is for PRCA members only. Matters covered will include: Managing the finance function The planning cycle Budgeting and forecasting issues Internal pricing KPI’s for larger businesses Managing senior staff Keeping growth alive- beating the law of big numbers What’s going on in the sale market Anatomy of a sale Changing face of deal… Read more

R&D in the property and construction industry – are you missing out on a valuable tax relief?

Starts: September 20, 2017 6.00pm | EC1M 7AD

The UK’s Research & Development (R&D) tax credit regime remains one of the most attractive in the world. Technology and innovation are associated with many sectors within the property and construction industry and yet many companies are unaware of their eligibility to claim R&D tax relief. R&D activities might typically be found in the following sectors… Read more

Business Toolkit Breakfast – Who stole my day?

Starts: September 21, 2017 8.00am | RH1 1DL

“I had so much important work to do today – but even though I stayed late and was busy the whole time, I’m not sure exactly what was achieved!” If you or members of your team sometimes feel like this, you may find this session helpful. We look at simple, practical ways you can keep… Read more

KS Alumni – Surf’s up! The KS Way…..

Starts: September 21, 2017 6.30pm | WC1B 5BJ

Join us for the 2017 annual Kingston Smith Alumni party being held at the fantastic Beach Bar, Montague on the Gardens, Bloomsbury. This exclusive and quirky venue is an experience indeed. Come and network with your former colleagues enjoying coconut cocktails and BBQ canapés, whilst taking jet ski selfies. And, if you fancy a quieter… Read more

Creative Vision Award 2017 – Save the Date

Starts: October 17, 2017 6.30pm | W1D 7DT

Join us and the 2017 winners at this year’s Creative Vision Award for Charities  We are delighted to invite you to an evening of celebration, where the films for this year’s winners Re~Cycle and Debra will be unveiled. Be the first to watch the winning films and mingle with other charities over drinks and canapés whilst… Read more

‘Maximising value for sale’ part 2

Maximising Value for Sale – Getting your tax position right

Maximising Value for Sale – Getting your legal position right

Maximising Value for Sale – How to get your market position/brand positioning right

Maximising Value for Sale – Attracting Buyers

Maximising Value for Sale – The seller’s perspective

Richard Cummings, Director at Kingston Smith HR Consultancy, considers how businesses can manage organisational changes and the challenges it can present

Richard Cummings, Director at Kingston Smith HR Consultancy, explains the various options for businesses in terms of offering the right salary and benefits

Richard Cummings, Director at Kingston Smith HR Consultancy, explains onboarding and how to onboard new staff effectively

Dinah Regan, Senior Consultant at Kingston Smith HR Consultancy, discusses the important factors to keep in mind during the recruiting process

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