Today, Jeremey Hunt, the Chancellor of the Exchequer (the UK’s Finance Minister), unveiled in the Houses of Parliament his “Autumn Statement for Growth”. Whilst not a “Budget”, the Autumn Statement allows a Chancellor to set out a range of Tax and regulatory measures. It is worth noting that there is both a political backdrop to […]
Capital allowances (tax depreciation) planning: the end of the super-deduction
In Finance Act 2021, the then Chancellor of the Exchequer (the UK’s Finance Minister), Rishi Sunak, announced the introduction of the super-deduction as a fiscal incentive to encourage UK companies to acquire qualifying capital assets following the deleterious effects of the pandemic on the UK economy. What is the super-deduction? The super-deduction provision is a […]
Corporation tax in the UK – the basics Introduction This note seeks to summarise the more basic aspects of the UK Corporation tax regime which needs to be considered when a company is incorporated in (and therefore tax resident in) the UK or a non-UK resident company which becomes tax resident in the UK […]
There are a three options when buying a car: Purchased outright Hire Purchase (HP) Personal Contract Purchase (PCP) Purchased outright VAT is blocked 100% and not recoverable. HP A hire purchase is always treated as a purchase and as a result VAT is always blocked 100%. I.e. VAT is not recoverable. PCP A PCP can […]
Arnold Hill & Co LLP joins IR as the exclusive Tax (Private Client) in England
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Justin Moore of Arnold Hill & Co LLP. Justin has joined IR as our exclusive Tax (Private Client) in England. Justin achieved a BSc from Southampton University and became ACA qualified in 1996. Justin has been with the firm for 27 years and […]
