by admin | Jun 12, 2023 | Uncategorized
The GOV.UK website offers the following guidance if you are considering a patent application. A UK patent may help if you want to take legal action against someone who uses your invention without your permission. For example, if they sell or manufacture your product...
by admin | Jun 8, 2023 | Uncategorized
HMRC has issued an updated version of their online guidance entitled ‘Check if a text message you've received from HMRC is genuine’. The guidance provides a current list of genuine text messages issued by HMRC. The list has been updated to include...
by admin | Jun 8, 2023 | Uncategorized
There are a number of reliefs available that can reduce liability to IHT. Of most interest to farmers is the Agricultural Property Relief (APR). Relief is available at a rate of 100% or 50% depending on who farms the land and how long the land has been owned. The APR...
by admin | Jun 8, 2023 | Uncategorized
If you sell an asset for less than you paid for it, you would make a capital loss. As a general rule if the asset would have been liable to CGT had a gain taken place, then the loss should be an allowable deduction. These allowable losses are deducted...
by admin | Jun 8, 2023 | Uncategorized
If your personal details change you may be required to notify HMRC as this can affect your entitlement to certain tax breaks and or benefits. For example, you need to tell HMRC if: you get married or form a civil partnership; or you divorce, separate or stop living...
