Blogs from Larking Gowen

If you're selling a business, what can you do to make sure the sale process is as smooth as possible? Based on many years' experience of advising both business sellers and acquirers, James Lay sets out some distinguishing points of businesses that tend to glide through a business sale process, compared with those that don’t.

If you use accounting software such as Xero, did you know that multi-factor authentication (MFA) will soon be mandatory? Our digital solutions expert, Ryan, explains what MFA is and how easy it is to set up.

Whilst vans enjoy favourable benefit in kind treatment, what you think is a van may be a car for tax purposes. Tessa discusses HMRC guidance for double cab pick-ups and combi vans.

Whilst vans enjoy favourable benefit in kind treatment, what you think is a van may be a car for tax purposes. Tessa discusses HMRC guidance for double cab pick-ups and combi vans.

Medical accounting specialist, Louise Dean, looks at the Final Pay Control (FPC) and its impact on NHS Scheme members.

In his latest blog in the Business Sale Readiness series, James sets out three differentiators of businesses that maximise their profits from those that don’t.

Partner and farms and landed estates specialist, Steve Rudd, highlights the latest details about the Sustainable Farming Incentive.

There was an interesting Upper Tier appeal published recently where the taxpayer was found to have a reasonable excuse against a VAT penalty issued by HMRC. The Tribunal found that after writing to HMRC, the response the taxpayer received was 'not as comprehensive in its answers as it might have been.'

The Trusts Register (TRS) was introduced in 2017 and requires trustees who pay Income Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax and Stamp Duty Reserve Tax to register their trust online. For those trustees without tax liabilities, no registration has previously been required. However, under the new rules, some trusts will need to register.

Ever since the launch of the Health and Harmony consultation early in 2018, the question of the design and financial impact of the proposed Environmental Land Management scheme (ELMS) has been a matter of concern and conjecture for farmers and land managers. 

In his Budget statement the Chancellor has confirmed that the reduction in VAT for tourism, leisure and hospitality businesses from 20% to 5% has been extended by six months until 30 September. It will then rise to 12.5% for the following six months before returning to the standard rate of 20% in April 2022.