16 September

HMRC Deadline for Declaring Offshore Assets is Approaching

The deadline to declare under the Requirement to Correct (RTC) legislation is fast approaching. RTC is the statutory obligation for UK taxpayers with overseas assets to correct any issues with their historic UK tax position. Those who fail to comply by 30th September 2018 face potentially severe financial penalties. RTC applies to any taxpayer with […]

8 July

VAT and Duty on Dispatching Goods Within The EU

Dispatching goods within the European Union (“EU”) is relatively straightforward as the EU operates under a single market which guarantees four key freedoms across the twenty-eight members states.  These are the free movement of goods, capital, services and persons. Whilst the Brexit negotiations are far from concluded, it seems that the UK government is looking […]

30 June

Venture Capital Schemes – The Risk-to-Capital Condition

For companies looking to raise funds based by a venture capital scheme and for investors looking to benefit from the tax relief, HMRC have introduced a key new condition – the risk-to-capital. This condition is being applied to the Seed Enterprise Investment Scheme (SEIS), the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT). The […]

11 June

The Dangers Of The HMRC Consultation On IR35 In The Private Sector

The HMRC is part way through a major consultation on the reform of off-payroll working, aka IR35, in the private sector which ends on 10th August. Their premise is that two people undertaking the same work, one employed and one working as a contractor working through their own Personal Service Company, end up “paying very […]

20 May

The European Commission Approves EMI Schemes Under State Aid Rules

Last week, the European Commission approved “the prolongation of the UK Enterprise Management Initiative (EMI) scheme ” under EU State Aid rules. In their news update, the European Commission stated that the UK authorities notified their plans to extend the scheme in March 2018.  It seems extraordinary that this notification was left so close to […]

20 May

HMRC Warn Against Loan Charge Avoidance Schemes

At CooperFaure, we have received the following notification from HMRC on arrangements aimed at getting around the upcoming 2019 Loan Charge for individuals in Disguised Remuneration Schemes. “HMRC is aware of a number of arrangements being promoted which claim to enable users to escape the 2019 loan charge. HMRC’s view is that these arrangements do […]

13 May

Don’t Miss Out – Unclaimed R&D Tax Relief Is In The Billions

Don’t Miss Out – Unclaimed R&D Tax Relief Is In The Billions

At CooperFaure, we are working with an array of clients to ascertain whether their projects qualify for R&D Tax Relief and, if so, to ensure that all the qualifying costs are being claimed. This week, we secured out largest single Tax Credit payment for a client of over £270,000 and we continue to have an […]

7 April

Tech Talk: Freddie Faure from CooperFaure Limited

Freddie discusses our firm’s experience with technology and the effect that technological changes have had on the industry over the years.   Click here to read the interview. If you have any queries, please do not hesitate to contact us on tax@cooperfaure.co.uk.

10 January

Credit Card Payment Charges End on 13th January but…

HM Revenue & Customs will no longer accept credit card payments from that date. From 13th January, businesses will no longer be allowed to add a surcharge if a customer decides to pay by credit card. Although the UK legislation is based on the European Union Payment Services Directive (PSDII), the government has gone further […]

4 December

Don’t Miss Out on R&D Tax Relief

As part of the government’s ongoing commitment to make the United Kingdom a centre for knowledge advancement, there are attractive tax relief schemes available for Research and Development. Whilst tax relief on R&D has been in existence since 2000, in the past, the process of making the claim was cumbersome and time-consuming. The government has […]