VAT exemptions for eligible bodies
The Upper Tribunal decision in the case of St Andrew’s College Bradfield (the college) could have ramifications for any not for profit entity which treats its supplies as exempt from VAT on the basis that it does not distribute profits or it only passes profits to an associated non profit making body.
Affiliation fees for sports clubs
HMRC has confirmed that the VAT extra-statutory concession allowing profit-making commercial sports clubs to treat re-charges of affiliation fees to their members as though they were disbursements, will be withdrawn from 1 April 2018.
Unlocking the value in your business
A partial exit can be an ideal way to release some of the equity you have built up in your business. It can also inject additional funds to really drive your business forward. But make sure you think through all the implications before you act.
No rise in foreign takeovers of UK businesses despite sterling collapse
The collapse in the value of the pound since Brexit failed to attract an increase in overseas bidders for UK businesses, with the number of UK companies taken over by foreign firms falling in the second half of 2016.
GDPR: the impact on technology businesses
In this digitally connected world the need for proper use, management and optimisation of data has never been greater. Data issues have been all too common news items over the past few months and tech companies are now firmly under the spotlight.
Zero rating for children’s colouring and dot-to-dot books
From 1 April 2017, colouring and dot-to-dot books will qualify for zero rating provided the content is suitable for sale to children under 18 years old. Where such books are marketed as suitable for adults; or are held out for sale with other adult books and/or not appropriately marked as suitable for children; or contain certain specified images, they will be standard rated.
Shipping will find new ways to ride out protracted downturn
The shipping industry will use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017.
UK based oil and gas sector insolvencies hit a new high
16 UK oil and gas companies* became insolvent last year, up from two the year before, as the oil price slump bites.