|
|
|
|
| |
|
|
|
| |
|
|
latest news, updates
& advice from Zeal |
| |
|
Newsletter Issue 10
October 2022 |
| |
|
|
|
| |
|
|
|
| |
|
|
| |
|
|
September was another busy month for the capital allowances team. We assisted 27 different clients to identify claims for capital allowances, unlocking over £4.4m in unclaimed tax relief. This will result in cash tax savings for our clients of at least £880,000! Below is a summary of two interesting cases we worked on:
|
| |
|
|
|
|
| |
|
|
| |
| Capital Allowances Review – Sixth Form Boarding School |
| |
|
We had a great result for a client that owns a private sixth form school in Surrey. The family run business was started in the 1970s, following the acquisition of an old school building. Fast forward 50 years and the school now provides boarding accommodation for its students across 8 different sites.
Zeal carried out a capital allowances review of the assets owned by the business to identify any missed claims for capital allowances. Zeal identified entitlement to claim capital allowances on 3 property purchases and a building extension. The properties that qualified were . . . Read more |
| |
|
| |
|
|
| |
|
| |
|
|
| |
|
|
| |
| Capital Allowances Review - Civil Engineering Company |
| |
|
Zeal was introduced to a large civil engineering company that had incurred capex to build and refurbish commercial investment properties.
Approximately £2.9m had been incurred on the construction of 4 commercial units and the refurbishment of an additional 2 sites. The properties ranged from modern office accommodation to industrial units. In summary, Zeal identified a total of £1.7m . . . Read more |
| |
|
| |
|
|
| |
|
| |
|
|
|
|
|
|
| |
The last month has been another busy month for the R&D team. An interesting case that stood out this month was a new client who had 'previously claimed' R&D relief through their former accountant for their 2021 year.
Zeal began working with the new client on their 2022 R&D claim submission. After refreshing the client on the scheme, criteria and what was claimed for in the previous year, something was discovered which is unfortunately all too common. Their 2021 claim had been submitted without any technical information . . . Read more
|
| |
|
|
|
|
| |
|
|
| |
| HMRC R&D Consultations and Sub-Committees |
| |
|
In the coming months HMRC is requesting feedback on two consultations. The first is around the annual statistics that are usually released in September, and the removal of certain tables relating to geographical and sectoral statistics.
The second, and much more pressing, is a sub-committee to focus on reforms to the R&D scheme. This will look at whether the reforms have gone far enough to modernising the . . . Read more |
| |
|
| |
|
|
| |
|
| |
|
|
|
|
|
|
| |
|
|
In this month's update, I will be borrowing some sage words from one of the TFPI industry’s top 4 providers and insurers. I have however anonyimsed the provider’s identity and product specific information as Zeal TFPI work with all of the mainline providers and do not want to be seen as being biased.
The message however, is clear. TFPI offers substantial benefits to accountants and their clients. It is a win-win situation.
|
| |
|
|
|
|
| |
|
|
| |
| TFPI – It’s a win-win situation . . . and here’s why |
| |
|
| The risk of companies receiving an expensive HMRC visit is rising rapidly. Except for a brief lull during the pandemic, the number of HMRC enquiries and inspections have been increasing for some time. With the 'return to normal' trading conditions, HMRC have ramped up their activity further. This is because they are under pressure to police existing tax rules stringently to reduce the huge debt incurred by the UK government during . . . Read more |
| |
|
| |
|
|
| |
|
| |
|
|
|
|
| |
|
Speak with one of our tax specialists Now!
|
| |
|
|
Our experts help businesses across the UK tackle challenging tax
issues. If you find yourself in a position of needing specialist tax advice
we're on hand to help. Let us know when would be a good time for
a chat, and we will call you back.
|
| |
|
|
|
|
| |
|
|
| |
|
|
|
|
|
As a member of the Chartered Institute of Taxation, and with our own in-house tax specialists, Zeal are ideally placed to support you in providing a complete tax service to your clients. We deliver our services all over the UK, no matter the size of your practice or clients.
|
| |
|
|
|
| |
|
|
| |
|
|
|
| <unsubscribe>Unsubscribe</unsubscribe> |
|
|
| |
|
|
