The Chancellor, Jeremy Hunt, delivered his Budget this afternoon, promising lower taxes and a Budget for long term growth.

Have you considered opting to tax your land and buildings? Unsure of how opting to tax your buildings or land might affect you?  Keep reading to find out whether opting to tax is the right plan of action for you. In this article we provide an overview of what an Option to Tax is and discuss some of the benefits and implications of opting properties.

The VAT Domestic Reverse Charge (DRC) for building and construction services was introduced on 1 March 2021. For all businesses within these industries, it is important to be aware of the relevant supplies that this applies to and how it works in practice.

Our client is a London-based app developer that creates apps for Apple and Android platforms.

haysmacintyre prepared a memorandum that set out a range of company valuations, along with advice surrounding the tax implications of a 24% shareholding being bought back by the company.

We estimated that the minority 24% shareholding being bought-back held an estimated value ranging from £9m to £11m.

Case study takeaways:

• Our client provides e-learning services internationally and they developed an online educational platform specialising in IELTS
• haysmacintyre worked with the client to prepare a response to HMRC following an enquiry, defending their R&D work
• HMRC accepted both claims on our first response with no further amendments

In July 2023, the Upper Tier Tribunal (UTT) released its decision in the case of Hotel La Tour (HLT).

We’re pleased to announce haysmacintyre’s Deals Roundup for 2023. Despite difficult market conditions in 2023, we saw a number of successes for our clients on IPO and M&A transactions, across the Creative, Media & Technology, Corporate and Hospitality sectors.

The latest naming and shaming list (the Scheme), published by the Department for Business and Trade (DBT) on 20 February 2024, revealed that 524 businesses failed to pay their employees the National Minimum Wage (NMW).