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Is this a good time to invest
October 16th, 2018

This article considers the question: should businesses invest in new equipment or other long-term capital acquisitions at this time? In truth, no one knows what the impact of the Brexit will be? Brexiteers believe that the floodgates will open, and the rest of the world will rush to buy our goods and services whereas Remainers, […]

Exclusivity and tax relief
October 11th, 2018

In order to qualify as a deduction for tax purposes we have to demonstrate that the expenditure was incurred “wholly and exclusively” for the purposes of our business or employment. We will also need to consider a further criterion: where the expenditure has a duality of purpose. In a 1980’s case, a barrister claimed for […]

Importing goods from outside the EU
October 9th, 2018

Although the Brexit issue is not yet decided it may be salutary for businesses to consider the changes they will need to face if we depart with a no-deal Brexit. We have touched on these issues in past articles posted on this blog, but today we have reproduced the present regulations you will need to […]

Milne Craig Autumn News
October 4th, 2018

Our Autumn Newsletter can be found by clicking for “2018 Autumn News” here:- 2018 Autumn News The newsletter mentions “Making Tax Digital”. Clearly there is some debate about the wisdom of introducing new digitised reporting requirements for VAT returns at the same time as Brexit. However, apparently HMRC and the Treasury want to press ahead. […]

Did your goat eat your accounts?
October 4th, 2018

Companies House have published a list of bizarre excuses for the late filing of their statutory accounts. They include: “goats ate my accounts” “I found my wife in the bath with my accountant” “pirates stole my accounts” “we delivered the accounts to the betting office next door to Companies House” “a volcano erupted and prevented […]

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