• Untitled design

    Some relief for FHLs

    For several years now the lack of availability of Business Property Relief (‘BPR’) for furnished holiday lets (‘FHLs’) has been well known and established through cases such as Pawson, Green and Ross. The courts in these cases ruled that the holiday lets were too much of a passive investment to qualify as a business, even […]

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    Corporation tax loss reform

    From 1 April 2017, the tax treatment of certain types of carried forward losses were reformed for corporation tax purposes. Previously, trading losses could only be set against later profits of the same trade and non-trading deficits on loan relationships could only be set against non-trading profits. Carried-forward amounts could not be surrendered as group […]

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  • Charities

    Do the public trust Charities?

    The Charity Commission for England and Wales has recently published some new research into how much the public trust charities. Given the current climate in the sector, the results are perhaps not that surprising. The research found that public confidence in charities is currently 5.5 out of 10.  This compares to 5.7 out of 10 […]

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  • study-group

    ESFA introduce related party transaction monitoring and pre-approval for academies from 1 April 2019

    June 2018 has seen the ESFA publish both its Accounts Direction for the August 2018 reporting period and its Academies Financial Handbook, effective 1 September 2018. Both documents contain a number of clarifications and updated requirements, though updated rules around academy trust related party transactions will likely get a fair degree of attention in the […]

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  • Charity Savings Jar Oxfam Scandal

    What Trustees can learn post the Oxfam scandal

    Sexual abuse; exploitation of those they are meant to help; lying to the regulator; could Oxfam’s reputation be in any more tatters? Instead of documenting what went wrong at Oxfam, we should instead look at the lessons trustees of other charities must learn.

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    Are HMRC always right?

    Some years ago HMRC were given wider information powers and also a right of access to business premises. What we have seen of more recent times is HMRC attempting to use these powers but, regularly, overstepping the mark. Two cases make interesting reading. The first involved a General Practitioner who, for many years, acted as […]

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