SRA’s message to firms: stop offering banking facilities to clients
The Solicitor’s Accounts Rules set out that only money that is linked to an underlying legal service should go through a client account. There must also be a proper connection with those receiving those funds and the legal service the firm has provided. It has been...
Making Tax Digital and VAT: are you ready?
Making Tax Digital (MTD) will commence in April 2019 under the current Government timetable. Initially this will only be for VAT purposes, with the wider roll out of MTD having been delayed until the system has been shown to work well for VAT and not before April...
Tax Rates 2018/2019
Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Capital Allowances:...
Solicitors “SEARCH”ing for answers
The Brabners LLP V HMRC First Tier Tribunal (FTT) case involved whether electronic, local authority search fees paid to Searchflow (a specialised online search agency) by Brabners were to be treated as disbursements. It had been standard practice since September 1994,...
