Insights from HW Fisher: Property, tax, sustainability and more.
In this month’s newsletter, we share the latest news and insights from our partners and guests on property, tax, sustainability and more. As we enter a new tax year, we elaborate on some of the changes that property and businesses owners need to be aware of, as well as taking a deep dive into the proposed phaseout of the UK’s ‘non-dom’ regime.
With the election having been announced for the 4th July, make sure to follow us on Linkedin to stay up to date with how a new government could impact you and your finances.
As ever, please get in touch if you have specific questions, or if you would like to discuss your own circumstances with one of our experts.
Contents:
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Commentary from our partners and team
New tax year: four changes for property owners
Following our recent property tax webinar and the changes announced in the Spring Statement, Tax Parter, Stevie Heafford outlines the key tax rules, reliefs, and changes homeowners and landlords need to know.
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Overseas landlords and the VAT Domestic Reverse Charge
Mike Block, Director of VAT, explains how the Domestic Reverse Charge for VAT on construction services works, the implications for overseas landlords, and what they should do before starting construction work on their UK properties.
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Proposed changes to the UK’s non-dom regime
In the Spring Statement 2024, the Government announced its plan to abolish the concept of domicile for tax purposes, and with it the associated ‘remittance basis’ rules. Sam Dewes, Tax Partner, explains what the main proposals are, and who stands to benefit or lose out from them.
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What is the VAT registration threshold and what’s included?
From April 2024, the VAT registration threshold increased to ￡90,000. In this article, Mike Block, Director of VAT, outlines what must be included in the calculation and what should not.
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?10 changes that will impact businesses this April
From April 2024, several changes came into effect that will impact UK businesses across a wide variety of sectors. From VAT registration thresholds to changes to the R&D tax relief scheme, Andrew Tall, Corporate Tax Partner, outlines the 10 changes that businesses need to watch out for.
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Introduction to UK Corporation Tax
All corporate bodies, including companies, local associations, and charities, must file a Corporation Tax return and pay Corporation Tax on their profits (if any), unless they are exempt from filing. In this article, Andrew Tall, Corporate Tax Partner, outlines what Corporation Tax is and how it is calculated.
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Three steps to start your sustainability journey
Many businesses have set themselves net zero goals to achieve by 2030 but if they want to meet this deadline, they need to move faster. Andy Rich, Managing Partner, outlines three key steps to start your sustainability journey from setting clear objections to keeping up to date with regulation.
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HW Fisher’s webinar with the Society of Authors Did you join our recent webinar in partnership with the Society of Authors? HW Fisher’s Barry Kernon, accounting and tax consultant, shared his insights on a variety of tax issues affecting authors, including income and allowable expenses, tax returns, VAT, and how to manage capital items and allowances. Don’t worry if you missed it - the session is available to watch on demand.
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Higher Education Chair of Audit Roundtable: AI – the risks and opportunities
In our recent Higher Education Chair of Audit Roundtable, Zoe Amar, one of the charity sector’s leading digital experts, joined us to discuss; what is AI v machine learning, how AI could change the higher education sector and what Audit Committee chairs should be considering.
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Charity trustee roundtable: Supporting chairs and trustees through challenging times
At our recent charity trustee roundtable, we were joined by Joe Saxton, Chair of the Association of Chairs. We discussed enhancing Risk Registers, optimising Board Parks and debating the benefits of in-person vs online Board meetings.
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Tech transfer and commercialising intellectual property for universities and research institutions
Mark Reveley, Partner, and Carol Rudge, Head of High Education, joined Simon Warner, Head of Licencing and Ventures at Oxford University Innovation as part of the British Universities Finance Directors Group “Finance Festival” to discuss tech transfer and the commercialisation of intellectual property by universities and similar research institutions.