Current Issues

Here you’ll find our latest articles, insights and news. Click on one of the specialist areas directly underneath to filter the articles for that topic.

Understanding CGT on overseas property sales
April 4, 2023
Important factors UK residents need to be aware of to minimise tax liabilities.
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Research & Development Tax Reliefs
April 3, 2023
A overview of Research and Development (R&D) relief which encourages companies to work on innovative projects in technology and science
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Make the most of tax breaks when buying new equipment
April 1, 2023
Companies investing in qualifying new equipment and machinery can benefit from helpful capital allowances.
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Triggers for student loan repayments
March 29, 2023
In this article we explain why self-assessment and different types of income may trigger a student loan repayment
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Tax implications of letting out your home through Airbnb
March 17, 2023
A handy overview of the tax consequences of letting out part or all of your property.
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Chancellor’s Budget Summary – March 2023
March 16, 2023
Steadying the ship - how will Chancellor Jeremy Hunt's Budget to stabilise the economy affect you or your business?
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Warning for companies about their ATED valuations
March 16, 2023
HMRC is alerting companies to re-check the valuations for their annual tax on enveloped dwellings (ATED) liabilities for residential property.
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Structures and Buildings Allowance (SBA)
March 10, 2023
SBAs give a 3% annual tax relief for the cost of constructing new non-residential structures and buildings and new conversions or renovations
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Common VAT mistakes with property renovations
February 23, 2023
In many property renovation projects VAT is sometimes overlooked when the initial budgets and costings are being devised
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Holding companies and management charges
February 22, 2023
A summary of the VAT implications for holding companies and their management charges.
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Financial Services Update – January 2023
January 11, 2023
In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.
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Changes to Option to Tax Arrangements from 1 February 2023
January 10, 2023
The Government has announced changes to the rules for the notification of an option to tax land and buildings. This relates to the VAT treatment of commercial property.
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New VAT penalty and interest regime could be more expensive for some businesses
January 2, 2023
The new VAT penalty and interest regime came into force on 1st January 2023.
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Season’s greetings!
December 15, 2022
All of the Shipleys LLP team would like to wish our clients and contacts a very Merry Christmas and a Happy New Year.
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Corporation tax rate rise implications
December 13, 2022
There's a new 25% corporation tax rate on the horizon, along with the return of marginal rates and associated companies.
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VAT News – Winter 2022/3
December 8, 2022
Our roundup of the latest VAT news includes changes to the business activity test, the new penalty and interest regime and frozen VAT thresholds.
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Making your inheritance tax allowances count
November 25, 2022
More and more estates are now subject to paying inheritance tax (IHT), but much can be done to mitigate liability by using the available allowances.
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Chancellor Jeremy Hunt’s Autumn Statement: 17 November 2022
November 18, 2022
An overview of the key announcements and their implications for businesses and individuals.
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Share options demystified for fast-growth start-ups and growing businesses
October 28, 2022
A helpful overview of share options, the schemes available and pitfalls to be aware of.
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Business as usual for off-payroll working rules
October 19, 2022
Off-payroll working rules which took effect on 6 April 2021 are remaining
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Chancellor Jeremy Hunt’s Fiscal Statement: 17 October 2022
October 18, 2022
An overview of the key announcements and their implications for businesses and individuals.
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Shipleys LLP team ran the Great South Run for Group B Strep Support
October 17, 2022
We are delighted to announce that a Shipleys LLP team successfully completed The Great South Run in aid of the Group B Strep Support Charity.
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Navigating the likely cash flow pressures on the horizon
October 6, 2022
Higher inflation and rising costs are likely to negatively impact cash flow for many businesses this Autumn. In this article we look at some strategies to meet the challenge.
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Chancellor Kwasi Kwarteng’s Fiscal Statement – Sept 2022
October 3, 2022
An overview of the key announcements and their implications for businesses and individuals.
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Inflation threat to some public sector pensions
September 23, 2022
A warning that high inflation could have a big impact on defined benefits pensions schemes of high-earning public sector professionals, including GPs.
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