Changes to the VAT Flat Rate Scheme

Changes to the VAT Flat Rate Scheme

As announced in the Autumn Statement, there are significant changes ahead for companies using the Flat Rate Scheme (FRS) for VAT. The FRS will continue to run, however many businesses will find it is no longer economical to use. Under the FRS, a business ignores VAT...
Welsh Landlords – Are You Registered Yet?

Welsh Landlords – Are You Registered Yet?

Landlords of properties in Wales are being reminded that the deadline for registration with the Rent Smart scheme is fast approaching. According to the administrators, Cardiff City Council, around 75% of landlords have so far failed to register.  Out of an estimated...
Flood Defence Tax Relief

Flood Defence Tax Relief

In the Autumn Statement George Osborne announced that from 1 January 2015 businesses will be able to get tax relief on contributions to flood defense schemes. The detailed proposals have now been released and this relief will be important for landowners who are...

Autumn Statement – The Big Question

Ed Gooderham and Nick Park look at two key issues raised by the Autumn Statement in answer to the South Wales Argus’ Big Question this week (see below for their answer in full): “The Autumn Statement has raised, in particular, two key issues. The good news...