Buzzacott news and insights provide updates on key changes and in-depth information in our areas of specialism.
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With the FCA releasing detailed Annex IV reporting guidance to all approved AIFMs this week, our latest insight summarises:
FE Colleges can claim very little, if any of the VAT they incur on costs so it is essential to make full use of the VAT relief available.
The rules for VAT relief for capital projects in this sector are very complex and not only depend on the physical structure of the building, but also how it is to be used after the works are complete so a thorough understanding of the rules and how they apply is essential. Failure to consider these at the very earliest stages of planning could be expensive.
Recent changes in EU law mean that, in future, small companies will need to include less information in their accounts. As a result, there will be an impact on the UK accounting standards applicable to smaller entities.
During the month of July, the Alternative Funding Network reported on a number of bench-mark activities within the alternative finance sector. This report highlights some of the key observations and presents a snap shot of industry activity in the month.
A recent tribunal decision means charities with ‘Friends’ or other supporter schemes should review how benefits are provided to ensure output tax is accounted for on the appropriate amounts.
This article follows on from our items in August explaining that from 4th August HMRC has decided to change its treatment of commercial offshore loans made to ‘non-doms’.
Business Investment Relief – or “BIR” – is a potentially very valuable tax relief available for investing in the UK
This newsletter focuses on law firms: is the SAR report on its way out? Secondly law firms: PII reforms and LLPs – auto enrolment opt out issues. Also in the newsletter is information on the tax free childcare initiative and lastly the topic of 31 July tax payments –time to reduce?
This newsletter focuses on further guidance on taxation of salaried members of LLPs, Pre-5 April tax planning ideas and COFAs – dealing with risk.