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HMRC Are Getting Ready – Are You?

Investment by HMRC into their 'Fraud Investigation Service' increased to £204 million over the 2016/17 tax year, up from £186m in 2015/16, according to recent figures.

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Making Tax Digital – Current Position

The Government have now announced that there will be at least a one year delay to the implementation of MTD.

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Making Tax Digital – A Further Update

The MTD sections of the Finance Bill were dropped following the announcement of the snap election held on 8 June.This put MTD on hold as the detailed provisions must be approved by Parliament.

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EuropeFides in Cologne

The EuropeFides AGM in Cologne was held at art’otel, a unique art and design hotel nestled on the Rhine’s embankment and within walking distance of the city.

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Cape Wrath Films

WSM is involved in providing accounting, VAT and payroll services to Cape Wrath Films Limited, an independent film production company who have been making a new feature film called ‘Edie’.

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The Higher Rate

The SDLT premium rate has been with us since 1 April 2016. It is in effect a tax on second homes, but there are some exemptions and also some unintended consequences to consider.

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MTD – An Update

In a rush to pass legislation before the election break the Finance Bill was trimmed to remove the more controversial sections. MTD was one of the sections removed and there is no automatic method of this being included in the next Finance Bill.

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May Triggers Article 50 – So What?

There have been so many column inches, numerous news updates and so much political chatter about the momentous event but when it came to it, it was something of a let down.

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Are Losses Now Good News?

Originally announced in Budget 2016, the Government has confirmed the changes it is making to the way companies can benefit from the use of losses brought forward from an earlier period. There are two reforms that are coming into force with effect from 1 April 2017

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MVL Season

March is traditionally the month of the year when the number of members’ voluntary liquidations (MVLs) is at its highest. The procedure results in returns to shareholders being made, either as surplus cash or as other assets owned by the company.

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