We couldn’t be prouder to be Honiton RFC’s main sponsor after their nail-biting 29-27 win in the RFU Senior Vase final played at Twickenham made them the toast of Devon!

Read more ...

 

HMRC have established various task forces to combat fraud in specific areas of industry. However, it seems that even in today’s society of cashless purchases and mobile payment apps, HMRC consider consumers to be still in the dark ages and spend cash in restaurants and takeaways.

Read more ...

 

At its simplest level any gain on the sale by a taxpayer of his or her only residential property, which the taxpayer has occupied as his or her home since its acquisition, should be exempt from capital gains tax.

Read more ...

 

In 2017 the Financial Reporting Council published their first Triennial Review of FRS 102, the financial reporting standard which replaced old UK GAAP in 2015. This first significant review of the standard takes effect for accounting periods beginning on or after 1 January 2019, resulting in the following changes.

Read more ...

 

You will have heard over the years about the need to put partnership agreements in writing. In the absence of any agreement, the outcome is, in most cases, undesirable. 

Read more ...

 

From the 1st October 2019 a reverse charge procedure is being introduced for certain building and construction services.  In certain circumstances the customer will be liable to account for VAT in respect of those purchases, rather than the supplier and this is known as the ‘reverse charge’.

Read more ...

 

Despite there being teething problems with some of the public testing HMRC has carried out so far, the rollout for all VAT registered businesses with a turnover above £85,000 will proceed from 1 April 2019 as planned.

Read more ...

 

With less than a week to go until HMRC’s ‘Making Tax Digital for VAT’ goes live there are still changes being made to the process of registering with HMRC.

Read more ...

 

Over the last few months we have received the same queries and heard the same comments several times…

Read more ...

 

Following initial consultation in 2016, the Legal Services Board approved regulatory reforms for firms of solicitors some time ago, incorporating a new set of Solicitors Accounts Rules which were anticipated to be effective from 1 April 2019. It has recently been announced these are now to be effective from 25 November 2019.

Read more ...