Wilson Wright Partner Blog

Monthly Archives: September 2016

London expected to be hit hard by revaluation of business rates

Warren Baker
Sep 30,2016
Warren Baker

Businesses in London could face gigantic bills next year as the Government announce changes to business rates which could see rates jump by as much as 120 per cent.

Peer argues for further cuts to Corporation Tax.

Adam Cramer
Sep 29,2016
Adam Cramer

The UK’s Corporation Tax could be cut to as little as 12.5 per cent a former cabinet minister has suggested.

SDLT confusion has led to rise in ‘sketchy’ avoidance schemes, says report

Warren Baker
Sep 28,2016
Warren Baker

Recent reports have suggested that the introduction of an additional three per cent Stamp Duty Land Tax (SDLT) surcharge upon purchases of second homes has inspired ‘a wave of new tax avoidance schemes’ on the internet, which are likely to be targeted by HM Revenue & Customs (HMRC). One report, highlighted in FT Adviser, suggests

Disquiet over increased Corporation Tax burden for small firms

Warren Baker
Sep 26,2016
Warren Baker

Concerns have been raised about the increasing amount of Corporation Tax being paid by the UK’s small businesses.

Another rise in R&D tax relief claims

Adam Cramer
Sep 23,2016
Adam Cramer

Officials at HM Revenue & Customs (HMRC) have reported an increase in the number of businesses taking advantage of tax relief for research and development (R&D).

Mortgage lender calls for off-the-wall SDLT reform

Warren Baker
Sep 22,2016
Warren Baker

A UK lender is urging the Government to consider off-the-wall reforms to Stamp Duty Land Tax (SDLT), which would see the tax paid for by those selling a property as opposed to those buying.

IoD among those keen to see adjustments to enterprise tax breaks

Lee Davy-Martin
Sep 21,2016
Lee Davy-Martin

The Chancellor looks set to face calls to change the qualifying rules for both Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS) in the upcoming Autumn Statement. This year’s announcement has now been confirmed for November 23rd and will be the first opportunity for Philip Hammond to set out tax and spending plans

Research and development tax credits boost SME innovation

Warren Baker
Sep 16,2016
Warren Baker

Businesses received around £2.45 billion in research and development (R&D) tax relief in 2015, a report says.

Chancellor hints at plan to abandon corporate tax cut

Adam Cramer
Sep 15,2016
Adam Cramer

Chancellor of the Exchequer Philip Hammond has told European Union finance ministers that the UK government will not be dropping its corporate tax rate below 17 per cent, according to reports.

Property tax changes in Wales could exclude buy-to-let SDLT surcharge

Warren Baker
Sep 15,2016
Warren Baker

The Welsh Government has announced plans to replace Stamp Duty Land Tax (SDLT) with a new Land Transaction Tax (LTT) – which could exclude a three per cent Stamp Duty surcharge imposed on buy-to-let investors in recent months.


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