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Webinar recording: IT assurance and best practice
26.04.24In our seventh webinar of the Moore ClearComm series, the panel highlighted the importance of IT auditing to further improve cyber security and data protection in your organisation. Regular host Rich Jackson was joined by colleagues Benjamin Ocquaye and Maritz Cloete. Our expert panel discussed the purpose and benefits of IT Auditing, the added value…
READ MOREVAT and partial exemption
20.03.24The VAT that a business incurs on its purchases and overheads is called “input tax”. For businesses that make only taxable supplies (either standard-rated, reduced-rated or zero-rated), this input tax (with the exception of the VAT incurred on certain specifically excluded items such as business entertaining) is fully recoverable. A VAT registered business that makes exempt…
READ MORETax Facts 2024/25
12.03.24Your online guide to UK tax rates for 2024/25. Contact us if you need further guidance or advice.
READ MORESpring Budget 2024
06.03.24Jeremy Hunt’s second full budget was very clearly delivered in the shadow of a general election, with the speech peppered throughout with partisan comments, and policies designed to put the Conservative Party on the front foot with the electorate. The chancellor explained that, after the difficulties of the last few years, the economy is turning…
READ MORELoans to participators
29.02.24It might, on the face of it, be thought tax efficient for an owner-managed company to pay corporation tax on its profits (at a maximum rate of 25%) and then to lend its post-tax profits to its shareholders instead of paying them salary or dividends (which would be subject to income tax in the recipient’s…
READ MOREVAT on property and construction
20.02.24The VAT that a business incurs on its purchases and overheads is called “input tax”. For businesses that make only taxable supplies (either standard-rated, reduced-rated, or zero-rated) this input tax – with the exception of VAT incurred on certain specifically excluded items – is fully recoverable. A VAT registered business which makes exempt supplies, however,…
READ MOREHybrid mismatches guide
06.02.24The UK “Hybrid and Other Mismatches” rules were introduced with effect from 1 January 2017 in response to one element of the OECD’s Base Erosion and Profit Shifting (BEPS) initiative. The rules are extremely detailed and complicated, but in outline they are designed to neutralise “tax mismatches” that involve at least one entity that is…
READ MOREEmployee Ownership Trusts (EOT) guide
01.02.24Shareholders of trading companies are increasingly considering the possibility of selling some or all of their shares to an Employee Ownership Trust (EOT) which will then hold these shares for the benefit of the company’s employees. When implemented carefully and for the right reasons, selling to an EOT can give rise to significant commercial and…
READ MOREThe UK’s implementation of Pillar Two
25.01.24The OECD’s “Two-Pillar Solution”, which is intended to reform the international tax framework to address challenges arising from increased digitalisation and globalisation, was agreed by almost 140 jurisdictions in October 2021. Since that time, considerable work has been undertaken around the world to refine the detailed proposals and to move them towards implementation. “Pillar One”…
READ MORECreative sector tax reliefs: video games tax relief
23.01.24Video games tax relief (VGTR) forms part of the UK government’s strategy to promote and support various creative sectors in the UK through generous tax reliefs. VGTR may be available to a video game development company (VGDC) that develops a qualifying video game. Under the current regime, the relief can increase the amount of expenditure…
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