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Exchange of joint interests
- May 5, 2022
- Posted by: mardenco
- Category: Business Support
No CommentsHMRC’s internal manuals consider the reliefs available where there is an exchange of joint interests in land.
The manuals state that:
The exchange of interests in land which are jointly owned by two
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Business tax cuts from April 2022
- April 14, 2022
- Posted by: mardenco
- Category: Business Support
A number of business tax cuts came into effect from April 2022. This includes an increase in the Employment Allowance from £4,000 to £5,000.
The allowance enables eligible employers to reduce their
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Resolving commercial rent debts
- March 31, 2022
- Posted by: mardenco
- Category: Business Support
A new law that seeks to resolve certain remaining commercial rent debts accrued during the pandemic received Royal Assent on 24 March 2022. The new law introduces a legally binding arbitration process
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Extended loss relief carry-back
- March 24, 2022
- Posted by: mardenco
- Category: Business Support
A reminder that the temporary extension to the eligible carry back period for trading losses applies for company accounting periods ending between 1 April 2020 and 31 March 2022 and for tax years
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Check large suppliers payment status
- March 17, 2022
- Posted by: mardenco
- Category: Business Support
The government has been working for a number of years to combat the problem of large businesses abusing their position by making late payments to small businesses. There is a legal requirement
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Teesside Freeport open for business
- November 25, 2021
- Posted by: mardenco
- Category: Business Support
The first of the English Freeports, Teesside, opened operations on 19 November 2021, and is expected to be followed shortly by Thames and Humber. The Teesside Freeport will be at the forefront of
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Reporting COVID support scheme grants to HMRC
- November 11, 2021
- Posted by: mardenco
- Category: Business Support
Most COVID support scheme grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants are treated as income where the business is within
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Autumn Budget 2021 – Recovery Loan Scheme
- October 28, 2021
- Posted by: mardenco
- Category: Business Support
The Recovery Loan Scheme was launched on 6 April 2021. The scheme currently allows businesses of any size to access loans and other kinds of finance between £1,000 and £10 million. The scheme was
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Autumn Budget 2021 – Creative industry tax reliefs
- October 28, 2021
- Posted by: mardenco
- Category: Business Support
The sunset clause for the Museum and Galleries Exhibition Tax Relief (MGETR) was supposed to come into force on 31 March 2022. As part of the Autumn Budget measures, the Chancellor announced that the
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Haulage company charged with loan fraud
- October 21, 2021
- Posted by: mardenco
- Category: Business Support
An interesting case has seen a haulage company based in the West Midlands have their operator licence revoked. This followed a public inquiry into the company by the traffic commissioner for the West