Category: News

VAT Refunds for Dealers Agreed with HMRC

July 2018

Our member firm, MHA MacIntyre Hudson have been working with a number of dealers to argue for a refund of VAT which we believed had been overpaid on dealer deposit contributions (DDC). After a long period of HMRC resistance, we are delighted...

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Moving Your Practice From a PMS to GMS Contract

July 2018

Increasingly, over the last few years practices have been moving from their PMS contracts onto the standard GMS contract. Whilst this transition should be seamless, we have experienced many cases where the funding has not been correctly paid, meaning that...

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Real Estate Matters Issue 9

July 2018

Our Construction & Real Estate team have worked together to provide a national outlook on the issues facing the construction and real estate sectors.   Issue 9 of Real Estate Matters contains articles on Land Transfer Tax replacing Stamp Duty Land Tax in...

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Our Member Firm Advises the Shareholders in a Sale of a Timber Company

July 2018

Our Scottish member firm, Henderson Loggie have advised Rembrand shareholders regarding Cairngorm Capital’s acquisition of Rembrand Timber Limited. Cairngorm Capital’s is merging Rembrand with its existing portfolio company, Thornbridge. Thornbridge and Rembrand are the two largest independent timber processing and distribution companies in Scotland,...

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Developing Your Multi Academy Trust

July 2018

The message that we are getting in respect of Academy schools is that the focus is now on increasing capacity in the system by growing existing Multi Academy Trusts (MATs), rather than establishing new Trusts. There are still a large...

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New VAT Rules for the Building Trade in 2019

July 2018

Under new rules due to come in on 1 October 2019, builders, subcontractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. The measure is designed to combat VAT...

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Our Member Firm Assists With Management Buyout of Bodywork Repair Business

June 2018

Our Welsh member firm, MHA Broomfield Alexander assisted with the sale of a bodywork repair business. 1st Choice Accident Repair Centre Limited is an independent Cardiff based business which specialises in bodywork repair for accident damaged cars and vans. The business...

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The 2017-18 Academy Accounts Direction

June 2018

The 2017-18 Academy Accounts Direction has now been published by ESFA. Whilst there are no wholesale changes to the accounts, there are a number of areas where additional disclosures or detail is required for the 2017/18 accounts: Trustees’ Report The...

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Property Ownership – Offshore and Onshore

June 2018

There is a general presumption that property owned offshore can facilitate a low tax regime. However, UK tax legislation has “anti-avoidance legislation” which hypothetically traces the income and gain to the ultimate owner. Although offshore ownership puts the beneficial owner...

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Advice for Investment Companies and Buy to Let Investors

June 2018

Should you Have an Investment Company? When making an investment it is sometimes beneficial to do so via a company, particularly where the investment pays an income. This is because the tax rates on income for companies can be much lower...

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