Changes to UK company law – from 4 March 2024

Changes to UK company law – from 4 March 2024

Changes to UK company law under the Economic Crime and Corporate Transparency Act will be rolled out over the next few years. The first set of measures will take effect from 4 March 2024.

The taxman’s dodgy data

Over the years of JMS Accounting operation, we have dealt with many data issues in relation to HMRC.  When HMRC get things wrong they cause stress and waste large amounts of time for both our practice and our clients.  Clients will often not understand that HMRC are at fault and our practice wastes many man-hours resolving mistakes by HMRC. 

It was some comfort to our practice to read this article in the Spectator that highlighted the extensive data problems problems at HMRC.  It doesn’t solve the issues, but it helps to understand the issues that our practice has to deal with were not just experienced by us but many businesses. 

HMRC nudges more company controllers

Self Assessment Tax return for PSC

The tax office is writing to persons with significant control registered at Companies House who declared income of less than £100,000 on their last tax return, or who haven’t submitted a tax return.

What is a Shareholder’s agreement & why is it important?

A shareholder’s agreement is a set of rules and conditions that affect a running of a company. Basically if you have a company with more than one shareholder, then this document is absolutely necessary to preserve the company and its relationships with the shareholder and directors, where you have external stewards running the company for you.

Capital allowances for expenditure on a building or structure

How to determine whether capital allowances for plant and machinery may be claimed in respect of expenditure on a building or structure

A number of cases relating to the meaning of ‘plant’ in the context of a building or structure were heard in 2022. In this article, I’ll look at how to determine whether capital allowances (CAs) for plant and machinery (P&M) may be claimed in respect of expenditure on a building or structure, highlighting those areas where recent cases have clarified the application of the rules.

A fiscal U-turn without precedent!

Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership campaign on. This emergency statement effectively replaces and re-writes the mini-budget.This emergency statement effectively replaces and re-writes the mini-budget.

Could rent controls ever work in the UK?

Could rent controls ever work in the UK?

Rent controls, once the preserve
of European cities such as Berlin,
are increasingly being discussed
in parts of the UK, but could they
really become a reality over here?