Embracing Making Tax Digital to help your business prosper

18.03.19 / Insight posted in Articles

We are noticing a trend among the more dynamic owner-managed businesses coming to us for Making Tax Digital (MTD) advice. The forward-thinking ones are embracing MTD as an opportunity to future-proof their business rather than seeing it merely as a compliance burden. “These business owners know they need a tailored flexible approach that will enhance…

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Spring Statement 2019: VAT and Indirect Tax

13.03.19 / Insight posted in Articles

VAT is one of the areas of taxation that is most likely to be impacted by the outcome of the Brexit discussions. The announcements today did not address any Brexit issues, but instead focused on simplification and preventing VAT avoidance. VAT Partial Exemption and Capital Goods Scheme: Simplification A call for evidence will commence on…

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Spring Statement 2019: Not for Profit

13.03.19 / Insight posted in Articles

Those operating in the NfP sector should always be keeping an eye on VAT and employment tax changes but, aside from those changes, the only specific announcement relevant to not for profit entities related to Social Investment Tax Relief. Social Investment Tax Relief (SITR) A call for evidence on the use of the SITR scheme…

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Spring Statement 2019: Employment Tax

13.03.19 / Insight posted in Articles

The introduction of the Off-Payroll Working Rules in the private sector is the biggest change in the employment tax field in recent years, along with the review of the definition of what it means to be self-employed. Neither of these areas were mentioned in the Spring Statement so, instead, announcements were made to clarify or…

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Spring Statement 2019: Corporate and Business Tax

13.03.19 / Insight posted in Articles

Businesses face much uncertainty with Brexit looming, so the Chancellor’s main announcements were simply a development of those previously made. Aside from the tax measures, the Chancellor announced that audit committees of listed companies must now report on payment practices as a measure to tackle the problem of late payments to SME clients. This will…

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Spring Statement 2019: Property Tax

13.03.19 / Insight posted in Articles

To move towards the government’s target of dramatically increasing the number and quality of the UK’s housing stock, the government announced that it was moving forward with planning reform and other measures to remove the barriers to building more and better houses. The main announcements were: Response to consultation on planning reform – a package…

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Spring Statement 2019: Private Client

13.03.19 / Insight posted in Articles

The income tax rates and allowances are now set in the Autumn Budget, so few announcements were expected. Leading into the Spring Statement, the press rehearsed the normal concerns around changes to pensions or the capital gains tax regime, but no mention was made of either. The Chancellor may come back to tinker with these…

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Tax Facts 2019/20

13.03.19 / Insight posted in Practical Guides

Your online guide to UK tax rates for 2019/20

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Kingston Smith scoops up further innovation award at Managing Partners’ Forum Awards

06.03.19 / Insight posted in KS News

Kingston Smith’s innovative approach to business has once again been recognised, with the firm winning an operational excellence award for the most innovative business process at the Managing Partners’ Forum Awards in Mayfair last night, 5 March 2019. These prestigious annual awards, organised in conjunction with Harvard Business Review and The Financial Times, are unique…

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Brexit – bad news or good news regarding April property valuations?

05.03.19 / Insight posted in Articles

If the UK leaves the EU with no deal, the Bank of England and industry commentators are predicting both a drop in the pound and commercial property prices. Assuming this is temporary and prices will in fact recover once our EU exit is fully resolved, for overseas investors with the appropriate appetite for risk, this…

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