Update: Omicron Hospitality and Leisure Grant

Update: Omicron Hospitality and Leisure Grant

We recently wrote about the new Omicron Hospitality and Leisure Grant (OHLG), as announced by the Chancellor on 21 December 2021. (See our previous blog here) The government has now provided further guidance on criteria, eligibility and how to apply for the grant. Who...
Cryptocurrency and tax implications

Cryptocurrency and tax implications

Cryptocurrency has entered by public consciousness comparatively recently, but its ongoing growth means business advisers, the general public, investors (and of course HM Revenue and Customs!) now need to take it seriously. Tax Tuesday this week looks at this area,...
Inheritance tax and preference shares

Inheritance tax and preference shares

Tax Tuesday encapsulates some of the elements and benefits of inheritance tax this week, whilst acknowledging each situation will have its’ own considerations. For inheritance tax purposes there is a generous relief called business property relief (BPR), which can...
VAT schemes for small businesses

VAT schemes for small businesses

There are a number of HMRC-approved VAT schemes available to small businesses and we look at three of these in this week’s Tax Tuesday and consider when their use may be appropriate. Cash accounting The cash accounting scheme is available for businesses with annual...
Holding company structures

Holding company structures

In recent Tax Tuesday pieces, we have looked at tax efficient ways to incentivise the workforce, given the importance of a motivated workforce to the success of a business. Another key consideration for success is to ensure a business adopts the most appropriate...