For a Budget speech that lasted for around an hour, the meaningful measures it contained to help small and medium-sized entities were very few and far between.

Following his appointment as Chancellor, Jeremy Hunt announced major changes to the Research and Development (“R&D”) scheme, which will see some winners but many more losers as the rates of relief are set to be cut dramatically from April 2023 and with further changes also due soon after.

Paul Brown, Tax Partner, explains, “ The question, “what do you think will be in the Budget?” always causes my heart to sink slightly, even at the best of times. This time around, however, after the tax rollercoaster of the last few months, I have approached this piece with even greater trepidation than usual; how does one predict the entirely unpredictable?

The UK Economy: Light at the end of the economic tunnel

Despite the turbulent times that have befallen the UK economy over recent years, experts are reporting a positive outlook. The impacts of coronavirus, Brexit and wider supply disruptions may still be taking their toll but businesses, families and property owners can remain confident

From 1 April 2023, eligible non-domestic customers who have a contract with a licensed energy supplier will see a unit discount of up to £6.97/MWh automatically applied to their gas bill and a unit discount up to £19.61/MWh applied to their electricity bill. Businesses benefiting from lower energy prices (i.e., businesses with unit prices of less than £107/MWh for gas and £302/MWh for electricity) will not receive this support.

WR Partners have donated £500 to a Crowdfunding campaign set up to help Shrewsbury Amateur Swimming Club secure its future.

WR Partners have promoted three senior managers in the Rural and Estates team to the position of director. Through their continued exceptional performance Kathryn Rawlings, Tim Taylor and Claire Smith all take on the new role. They will be working with the team to maximise its potential and focusing on future growth plans as well as offering the best possible client service.

The tax consultancy team at WR Partners has used their expertise to help two businesses complete complex transactions in recent months.

It’s an exciting time for WR Partners, who have expanded the business by bringing in new experts in a variety of areas. Amongst these new additions is Nia Thomas, who has joined WR Partners to expand the Tax team and offer advice to local businesses.

WR Partners is delighted to welcome Chris Speakman to our audit team. Chris joins as a Director after leaving his last role of nine years at a large national practice. He brings with him over 20 years of experience within audit and related services and has proven people development and growth skills

How do you get people to feel better about bad news? By making them think “well that could have been worse…” Since he came into office the Chancellor has been sowing the seeds of terrible news on tax in his Autumn Statement. Now that we have the bad news it is clear he hopes people feel that it wasn’t as bad as it could have been.

From 01 January 2023 HMRC are introducing two new penalty regimes for VAT customers. The penalties will affect ITSA customers from 2024.

Tax legislation is clear on the definitions of a building and what qualifies for plant and machinery and integral features, however this became something HM Revenue and Customs wished to challenge in a recent tax case, that the taxpayer successfully defended and won…

Many business owners we talk to are, frankly, absolutely exhausted after the last six years – in fact the last six weeks have been pretty tiring! For many, thoughts are turning to whether now might be the time to hand over the keys to their business, bank a (hopefully) large cheque and retire gracefully (or in some cases disgracefully!).

So, following the mini-Budget that wasn’t really a Budget, and before the Medium-Term Fiscal event on 31 October, we have now had the new Chancellor deliver an emergency financial statement…

I have worked as an accountant for the last 22 years, but the last 6 years or so have been completely unprecedented for business owners in the UK…

The UK Government has set out ambitious plans to increase the supply of new homes in the UK. Before considering planning applications, you should consult your tax advisor regarding tax implications. This ensures careful planning takes place and any actions are taken in time to mitigate.

Immediately after the Brexit referendum, there was a surge in UK companies setting up subsidiaries based in the EU. The logic in many cases was that this would provide a foothold in the EU…

We are thrilled to announce that we are co-sponsors of the 'Advantage Shropshire' night at the ITF World Tennis Tour W100. Click here to find out how to enter…

Tax processes in the UK have undergone significant changes in recent years, from adjustments due to the Covid-19 pandemic, to the implementation of tighter rules meant to crack down on tax avoidance.