Simmons Gainsford Chartered Accountants Business Taxation Allowances Equipment Purchases Research and Developments

Business Taxation: Allowances for Equipment Purchases and Research and Developments

Posted on 6th Jan 2011

The expenditure which any business incurs on buying new capital equipment, plant or machinery cannot normally be deducted from profits as a business expense in the same way that, for example, staff salaries or travel costs are deducted. Instead, expenditure on equipment and the like...[more]

An Update on Income Tax Relief For Pension Premiums

Posted on 6th Jan 2011

Changes to tax relief rules for contributions have been made or proposed at least 4 times in the last 2 years.  New rules, including a reduced Annual Allowance, started on 6th April 2011. Hopefully the latest rules will provide stability. Tax Relief Pension contributions made...[more]

UK Tax For Non-Domiciliaries

Posted on 6th Jan 2011

The UK remittance basis of taxation is almost unique and was until 2008 hugely advantageous to all those who are not domiciled in this country. Recent changes have to some extent resulted in it being available only to the very wealthy – a somewhat strange...[more]

Vat For Small Businesses

Posted on 6th Jan 2011

VAT inspections by HMRC are less frequent than was once the case and in fact many are now carried out purely by telephone. Nevertheless HMRC is adept at homing straight in on areas where mistakes commonly occur, and they will often magnify the fault several...[more]

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Posted on 1st Jan 1970

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