Forensic Accounting Update
The long-awaited 8th edition of the Ogden Tables has now been published by the Government's Actuary Department, almost a decade after the 7th edition in 2011 (although supplementary tables were published following the Discount Rate changes on 20 March 2017).
Read full articleHMRC Crown Preference Restored from 1 December 2020
On 22 July 2020, the Finance Bill 2019-21 received Royal Assent, meaning that from 1st December 2020, HMRC will once again rank as a secondary preferential creditor in insolvencies.
Read full articleSummer Statement Update
The Chancellor announced his Summer Statement on 8 July. This is the second phase of the Government’s economic plan to battle the Coronavirus pandemic.
Read full articleOUTLAYS – Postal Searches
HMRC has published a brief which now removes the concession for postal searches which allows solicitors to treat fees for postal searches as disbursements.
Read full articleNew Rules on Capital Gains Tax (CGT) for disposal of Residential Properties
From 6 April 2020, The Government will be introducing new rules for reporting and paying tax for individual and trusts when they are disposing of a residential property. Please note the new legalisation will not apply to companies.
Read full articleChallenges facing the hospitality and tourism sector post Covid-19
As we enter the next phase of the Covid-19 pandemic, beyond lockdown and government funding and look ahead to “the new normal”, it cannot be underestimated that the most critical requirement for businesses at this time is the need to continually review and plan for the road ahead and adapt where necessary. Shauna McStravick of CavanaghKelly examines some of the considerations below.
Read full article