All companies, partnerships and sole traders incorporated in the UK (and those overseas with a taxable presence on these shores) are subject to business tax.
The headline rates of corporation tax have decreased over the last few years, with the latest reduction (20% to 19%) effective from 1st April 2017. In addition to this, a further reduction to 17% will come into force from 1 April 2020.
Under the UK tax system, a company’s profit before tax in its statutory accounts is subject to various adjustments, which are then taxed at a relevant rate.
UNW’s tax team will proactively guide clients through this legislation to minimise their corporation tax bills, in accordance with the relevant legislation. Please click here for more information regarding our tax services.
HMRC has announced that the introduction of significant amendments to the VAT rules for construction services, known as ‘domestic reverse charge’ accounting, have been delayed for 12 months until 1 October 2020.
Newcastle-based chartered accountancy and financial advisory firm UNW has provided support to The Alnwick Garden across a wide range of services. Most recently, this has been during the development of their Lilidorei Play Village, a project which will see the organisation launch the world’s biggest wooden play structure. We spoke with Mark Brassell, Director of The Alnwick Garden, about their Lilidorei project, as well as the organisation’s involvement with UNW.
SJOG Hospitaller Services has enjoyed growth over the past nine months following the appointment of an entirely new executive team,
HM Revenue and Customs (HMRC) has published the latest advisory fuel rates, to apply from 1 September 2019. The new