by Oasis Accountants | Dec 8, 2023 | Newsletter
As the festive season approaches, it’s crucial to ensure that the joy of your staff Christmas party doesn’t lead to unexpected tax liabilities. Here’s a quick guide to potential tax pitfalls and how to navigate them: 1. Expenditure Limit per Head:...
by Oasis Accountants | Dec 1, 2023 | News
Commission-Based Services: If an intermediary provides services on a commission basis, the supply of those services is typically treated as a standard-rated supply for VAT purposes. Facilitation Services: Services that involve facilitating transactions between buyers...
by Oasis Accountants | Nov 22, 2023 | Newsletter
The Chancellor, Jeremy Hunt, made his 2023 Autumn Statement speech and the highlights are as follows Economic Growth Measures: No recession anticipated, with the implementation of 110 measures. The Office of Budget Responsibilities (OBR) projects increased business...
by Oasis Accountants | Nov 8, 2023 | Newsletter
It is a valuable inheritance tax (IHT) relief, allowing certain types of business assets to be passed on 100% IHT-free. There is also a 50% rate of relief for other eligible business assets that do not qualify for the 100% rate. However, as with all reliefs, its...
