Germany and the UK have shared strong cultural and historical ties dating back to the 1700s, when the German Georg Ludwig became George I of England in 1714. Furthermore, the British royal family changed their surname from the German von Sachsen-Coburg-Gotha to Windsor as recently as 1917.
Aiming to modernise and improve the UK tax system, the Government’s Making Tax Digital for VAT (MTD) initiative comes into effect from 1 April 2019. Other areas of MTD, such as income tax and corporation tax, have been put on hold until April 2020 at the earliest. Although the initiative is moving slower than planned, MTD will continue to move forward, despite Brexit.
Read our breakdown of the key announcements from the Budget and what these could mean for you. Please get in touch with your Ecovis Advisor, or call us today on +44 (0) 207 495 2244 to discuss your business or personal circumstances.
Deciding where and how to expand your business overseas is by no means an easy task and one which has arguably been made more challenging by recent global economic and political uncertainty. Download and read our guide to Doing Business in the UK - Key Aspects and Considerations.
If a company is liable to corporation tax and makes a loss from trading, they will be able to claim relief from corporation tax. Read on to find out more.
For many companies, investing the time and effort to get their business off the ground can lead them to accumulating substantial trading losses in the first few years.
Currently withholding tax is applicable at the rate of 20% on royalty payments and some IP related annual payments. This rate can be reduced appropriately if there are Double Taxation Agreements (DTA) in place between the countries.
Our Head of Data Analytics, Reuben Barry shares his thoughts on Facebook, Cambridge Analytica, and how data has now become more valuable than traditional products and services.
In July 2015, Geniac caused quite the stir in the Accounting World when Grant Thornton announced that they were to invest up to £22m funding in the high growth start-up to access the SME accounting market. Less than 3 years later and their clients have been stunned to learn that the company is to close its doors in April 2018, as Geniac “are not making the progress we wanted”.
You might have heard about Christa Ackroyd in the news recently. The former BBC Look North presenter is facing a tax bill of up to £420,000 after losing a dispute with HMRC, a judgement that could potentially affect others working in similar conditions.
Our Tax partner, Chris Sparkes takes a look at the recent consultation on "patient capital" and the potential for tax reliefs to help entrepreneurs and startup businesses avoid some of the pain of short term investors
We are becoming increasingly aware of more and more sophisticated scams involving fraudsters pretending to be from HMRC. Read this blog to find out how you can stay safe.