Elevate - for business leaders
Thursday, April 12, 2012 | Posted by: Grant Thornton
Categories:
Tax
| Tags: tax,
economy,
UK,
budget,
R&D,
Budget 2012,
Research & Development,
Tax Relief,
ATL,
Above the line
The knowledge economy is seen by many as vital to the UK and its recovery from difficult economic times, but what is being done by the government to stimulate investment in this important sector? As a member of the Treasury Consultative Committee, Chris Harrison takes a look at proposed changes to the schemes that provide tax relief to companies that undertake R&D.
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Friday, March 23, 2012 | Posted by: Grant Thornton
Categories:
Economy,
Tax,
Thought Leadership
| Tags: budget,
budget2012,
summary,
tax, links
Get a fuller picture of Budget 2012 – or just cut to the relevant news affecting you – with our quick links.
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Tuesday, March 13, 2012 | Posted by: Francesca Lagerberg
Categories:
Economy,
Tax
| Tags: business,
tax,
investment,
tax planning,
Francesca Lagerberg,
UK,
budget,
tax avoidance,
predictions,
GAAR,
patent box,
CFC,
competitive,
UK economy,
non-doms,
budget2012
What will Chancellor George Osborne’s 21 March Budget hold for large corporates, privately held businesses (PHBs) and entrepreneurs? “A whole raft of measures around competitive UK,” says Francesca Lagerberg, Head of Tax at Grant Thornton. Here are five Budget predictions on how companies are likely to be affected.
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Friday, January 13, 2012 | Posted by: Grant Thornton
Categories:
Tax,
Thought Leadership
| Tags: tax,
VAT,
legislation,
tax relief,
corporate,
aircraft,
private jet,
jets,
airline,
flying,
aviation,
executive jet,
helicopters,
seminar,
zero-rating,
business jet
There has been much confusion since complex VAT rules on UK corporate aviation came into effect at the beginning of 2011. If your business is involved with the leasing, charter or operation of corporate aircraft, join our free seminar and you’ll be able to see through the clouds.
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Tuesday, December 06, 2011 | Posted by: Fiona Cullinan
Categories:
Economy,
Tax
| Tags: business,
tax,
finance,
Francesca Lagerberg,
UK,
budget,
analysis,
tax policy,
legislation,
Finance Bill,
draft,
Finance Bill 2012,
Legislation Day
More than 1100 pages make up the draft legislation for the next Finance Bill, which was published today. Here are some of the highlights for UK large corporates, small businesses and individuals from our Budget team at Grant Thornton.
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Tuesday, November 22, 2011 | Posted by: Graham Brearley
Categories:
Business advice,
Economy,
Tax
| Tags: HMRC,
VAT,
Graham Brearley,
exemptions,
EU,
cash flow,
VAT accounting,
VAT advice,
cash,
zero-rated,
VAT reclaim,
returns
Being a prudent Yorkshireman, I was reviewing my personal finances the other day and noticed the considerable hike in energy prices. After deciding to make sure that the Brearley household is sufficiently insulated and draught-proofed, I got to thinking about why businesses don’t apply some similar financial safeguarding to ensure their hard-earned cash doesn’t escape through the cracks. For example…
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Wednesday, August 24, 2011 | Posted by: Graham Brearley
Categories:
Business advice,
Tax,
Thought Leadership
| Tags: tax,
HMRC,
income tax,
VAT,
NIC,
salary sacrifice,
national insurance contributions,
National Insurance,
childcare vouchers,
Cycle to Work,
AstraZeneca,
employee benefits,
VAT liability,
ECJ,
vouchers,
European Court
That’s the question employers will be weighing up following the recent AstraZeneca (AZ) case ruling that raises the possibility of substantial VAT liabilities on employee benefits, such as retail vouchers, meals and Cycle to Work Scheme (CWS) rentals. How will the balance of payments fall? Senior VAT Manager Graham Brearley reviews the issue and asks: ‘Is this the end for salary sacrifice arrangements?’
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Tuesday, July 26, 2011 | Posted by: Grant Thornton
Categories:
Business advice,
Tax,
Technology sector
| Tags: innovation,
business,
tax,
research,
Francesca Lagerberg,
technology,
report,
advice,
relief,
analysis,
incentives,
consultation,
development,
webinar,
review,
R&D,
Dyson,
Samantha Vanags
Find out about the upcoming changes to Research and Development (R&D) tax credits in our FREE webcast taking place tomorrow, Wednesday 27 July at 3pm BST. Read on for details and how to register.
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Thursday, May 12, 2011 | Posted by: Dave Jennings
Categories:
Business advice,
Tax
| Tags: HMRC restaurant taskforce,
Liechtenstein Disclosure Facility,,
Tax Amnesty,,
Plumbers Tax Safe Plan,,
Tax Investigations,,
HMRC Taskforce,
As the drive to restore the public finances to health continues, HM Revenue & Customs (HMRC) has announced the introduction of new trade-specific taskforces which will target those who seek to evade tax, starting with the restaurant trade.
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Tuesday, April 12, 2011 | Posted by: Francesca Lagerberg
Categories:
Business advice,
Tax
| Tags: tax,
income tax,
budget,
NIC,
tax policy,
legislation,
exemptions,
OTS,
tax reliefs,
budget2011,
national insurance contributions,
venture capital trusts,
allowances,
enterprise investment schemes,
Office of Tax Simplification,
entrepreneurs’ relief
In his 2011 budget speech, Chancellor George Osborne announced several changes to the UK tax regime following the advice and recommendation of the Office of Tax Simplification (OTS). This is the first view we have of the new department’s effectiveness – has it made tax simpler?
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Thursday, March 24, 2011 | Posted by: Grant Thornton
Categories:
Economy,
Tax
| Tags: Budget,
Foreign profits reform,
Anti Avoidance measures,
Budget insights,
Entrepreneurs Relief fund,
Corporation Tax reduction,
National Insurance changes,
Non domiciled reform,
Revenue neutral budget,
Enterprise investment scheme
Francesca Lagerberg, Head of Tax and Rob Langston, Corporate Tax Director discuss the implications of yesterday’s budget, which is described as a ‘mixed bag’ with some tough times ahead for some individuals and businesses.
Watch the footage here .....
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Wednesday, March 23, 2011 | Posted by: Fiona Cullinan
Categories:
Economy,
Tax
| Tags: business,
links,
Grant Thornton,
budget,
reaction,
analysis,
social media,
George Osborne,
comment,
news,
budget2011
">
And now for something a little different. Instead of posting the usual Budget reaction, we’ve created and curated a lively mix of news, social media, videos, graphics and more – plus Grant Thornton’s own Budget comment – all in one quick and easy-to-scan poster site.
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Wednesday, March 16, 2011 | Posted by: Gary Woods
Categories:
Business advice,
Tax
| Tags: tax,
international,
VAT,
Gary Woods,
cross-border,
reduce,
trade,
EU,
exports,
goods,
supply chain,
valuation,
imports,
Customs,
tariff,
duty
With the possibility of high rates of Customs duty and the standard rate of VAT in EU countries around the 20% mark, it’s never been more important to ensure that you are importing and exporting goods in the most tax-efficient way. Here’s what you should be aware of and, perhaps, some unexpected ways to reduce your tax burden.
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Tuesday, March 15, 2011 | Posted by: Francesca Lagerberg
Categories:
Tax
| Tags: tax,
investment,
economy,
UK,
pensions,
VAT,
budget,
tax avoidance,
relief,
corporation tax,
deficit,
planning,
Office for Tax Simplification,
enterprise,
predictions,
GAAR,
Low Value Consignment Relief,
fuel duty,
enterprise, investment, UK, economy
What changes lie ahead for entrepreneurs and privately held businesses (PHBs) in George Osborne’s Budget next week? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions…
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Tuesday, January 11, 2011 | Posted by: Fiona Cullinan
Categories:
Business advice,
Tax
| Tags: entrepreneurs,
capital gains tax,
CGT,
buying a company,
loan notes,
QCBs,
corporate bonds,
deferred payment,
non-QCBs,
entrepreneurs' relief
With cash in scarce supply, loan notes provided an excellent method of deferring the cost of buying a company. But recent changes in tax laws mean that they are now less appealing and holders of existing loan notes are likely to be in for a nasty surprise, says Senior Tax Manager Nadine Elliott.
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Wednesday, December 29, 2010 | Posted by: Fiona Cullinan
Categories:
Business advice,
Tax
| Tags: tax,
entrepreneurs,
investment,
capital gains tax,
CGT,
relief,
wealth,
EIS,
partnership,
Craig Kemsley,
creation,
Enterprise Investment Scheme,
ER,
Entrepreneurs’ Relief
A summary of recent tax changes affecting UK entrepreneurs – and the opportunities they afford for wealth creation –
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Thursday, December 16, 2010 | Posted by: Gary Woods
Categories:
Business advice,
Tax
| Tags: tax,
HMRC,
property,
VAT,
advice,
investigation,
Gary Woods,
penalties,
trust,
guidance,
DIY,
incorrect,
leaflet,
legal,
public notice,
claim,
advisor,
manual,
reliable
Doctors are trustworthy, aren’t they? But what about the VAT man? There was a time when you could approach HM Revenue & Customs (HMRC) for help and guidance, and be reasonably assured that you could rely on what you were told. But the experience of some taxpayers suggests that there is now confusion about what can and cannot be relied upon, and you may now have to insist on your own written ruling if you are to be protected.
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Wednesday, December 08, 2010 | Posted by: Fiona Cullinan
Categories:
Business advice,
Tax,
Technology sector
| Tags: innovation,
business,
tax,
research,
technology,
report,
relief,
incentives,
consultation,
development,
review,
R&D,
Dyson,
Samantha Vanags,
Sam Vanags
The Government recently announced that it was reviewing the ways in which it incentivises investment in research and development (R&D). This raises a number of questions over the future of R&D tax relief. Technology partner Samantha Vanags explains the issues and responds with Grant Thornton’s recommendations on R&D tax incentives.
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Monday, September 06, 2010 | Posted by: Francesca Lagerberg
Categories:
Business advice,
Tax
| Tags: tax,
offshore,
tax avoidance,
tax havens,
corporation tax,
relocation,
migration,
patent box,
CFC,
competitive,
foreign branch profits,
controlled foreign company,
tax rate
When the coalition government gained power, one of its stated aims was to make the UK’s corporate tax regime the most competitive in the
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