The Capital Goods Scheme (CGS) adjusts the VAT you've claimed on high-value assets to reflect how you actually use them over time. If you own commercial property valued over £250,000, this scheme likely affects you—and the implications at the point of sale can be...

Determining the place of supply of services is essential for identifying where VAT is due. According to HMRC guidance, the place of supply is the location where a service is treated as being supplied and therefore where it is liable to VAT. (GOV.UK) Why It Matters...

Overview of Capital Allowances Capital expenditure on plant and machinery is generally not deductible when calculating taxable profits (unless using the cash basis under specific rules). Instead, relief is provided through capital allowances, either as immediate...

When purchasing a property with a spouse, civil partner, or business associate, the legal "default" is often set without considering long-term tax efficiencies. However, how you own your property today directly dictates your Inheritance Tax (IHT) exposure tomorrow....

If you’re moving a business asset—like a warehouse, a shop, or company shares—to a family member or your own limited company, HMRC usually looks at the "Market Value." Even if you don’t take a single penny in cash, they might expect you to pay Capital Gains Tax (CGT)...

With increasing HMRC scrutiny and continued changes in UK property taxation, landlords must ensure their rental income and related expenses are reported correctly. In practice, we frequently encounter recurring mistakes that can lead to higher tax liabilities,...

Delivered by Chancellor Rachel Reeves on Tuesday, 3 March 2026, the Spring Statement provides an updated outlook on the economy, public finances, and support measures. 1. Economic Outlook: Slower Growth but Stability Ahead Growth: GDP forecast downgraded to 1.1% in...

What is the current policy/legal framework? Recent data shows over 1 million people in the UK work on zero hours contracts.1 Flexible hours of work can benefit both workers and employers but without proper safeguards this flexibility can become one-sided, with workers...

India's Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, delivers fiscal discipline with ₹12.2 lakh crore capital expenditure, a 4.3% fiscal deficit, and debt-to-GDP ratio at 55.6%. Targeting 7%+ GDP growth through "Yuva...