Category: Tax Updates

The HB view on the Spring Statement

The Chancellor’s Spring Statement was delivered yesterday against a backdrop of rising inflation and fuel costs. This was always going to be a tough one for Rishi Sunak, who last year had the (now seemingly less) tough task of delivering a budget a year in to the Covid-19 pandemic. Our clients are always keen to… Read more »

Liquidation Changes

Members Voluntary Liquidations As of April HMRC have changed the rules regarding MVL’s in an attempt to stop ‘Phoenixing’ and ‘Moneyboxing’. The end result is that leaving large cash reserves in a business in the hope of extraction at a low tax rate has suddenly become not such a sure thing. Prior to April if… Read more »

Budget Report 2016

The new budget was announced earlier this year and with it came the inevitable changes proposed by government. In order to keep all our clients up to date with all these changes we have put together a report outlining the most important parts. If anything within the report concerns you in anyway please contact us… Read more »