Plan now for New Year VAT rise

Start planning for the New Year VAT hike or you could risk a hangover that runs well into January. You don’t need an accountant to tell you that from 4 January 2011 businesses will have to increase the VAT rate they charge their customers to 20%. But what you may need to know is exactly[…]

Holiday Lets Tax Relief

Landlords who let out holiday properties both in the UK and European Economic Area need to thank the Chancellor for an unexpected and welcome tax break, say Manchester tax experts Jack Ross Accountants. In an unprecedented moved George Osborne reversed Labour plans to scrap the Furnished Holiday Lettings Scheme, which allows landlords to benefit from[…]

Posted in Tax

Comprehensive Spending Review: tackling the deficit

Comprehensive Spending Review: tackling the deficit Spending reviews have been part of the Governmental landscape since the late 1990s, but none have garnered quite the anticipation of the one which the Coalition Government delivered on 20 October, set as it was against the largest UK budget deficit since the war. The Chancellor, George Osborne duly[…]