News

Trading loss. Cash flow gain?

Trading loss. Cash flow gain?

Temporary change to the rules on carrying back trade losses was announced in Budget 2021. Unlocking such tax relief could be a considerable cash flow plus for businesses hit by the pandemic.

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Benchmarking – 2020 Harvest

Benchmarking – 2020 Harvest

We have now completed all gross margin accounts for the 2020 harvest across our portfolio of arable clients. A comparison of the 2020 harvest against the 2019 harvest, drawn from clients’ year end accounts, is summarised below:

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Summary of the taxation treatment of commercial vehicles

Summary of the taxation treatment of commercial vehicles

We have put together a summary of the tax treatment of commercial vehicles below. What is classified as a commercial vehicle? A commercial vehicle is classed as one which: Its main purpose is to transport goods/materials or paying passengers. Has a payload of more...

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