An increasing number of my clients are young people basing their careers on social media platforms, with income as influencers and YouTube contributors and I am familiar with the VAT place of supply issues this raises. I have now been approached by a potential new client who is a “content creator” using the platform OnlyFans. […]
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My client is in the process of selling their main residence and has asked me if there would be any capital gains tax to pay on disposal. The property, located in Manchester, was acquired in March 2010 and my client lived there until March 2016 – they had taken a job in London and decided […]
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My client is a partnership buying a disused farm building from the owner who has opted to tax it. The client is then converting it into a children’s day nursery. They will occupy the building and run the nursery themselves. Are supplies by a nursery VAT exempt, and can they reclaim any of the input […]
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In light of recent headlines surrounding the use of webcams to monitor employees, a client would like to know more about the legalities of this as well as other surveillance methods. To read the full article – CLICK HERE
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It is no longer possible to claim the 4th grant, however, the government has announced the availability of a 5th grant. It will cover the period from May 2021 to September 2021. To read the full article along with all updates – CLICK HERE
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A client is worried about their employees’ reluctance to return to the workplace after months of working from home. They would like to some advice on how they can handle the situation. To read further – CLICK HERE
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My client is a restaurant which had a major refurbishment of their premises. They employed a builder to carry out the work. The job was completed and invoiced with VAT. The restaurant then claimed the input tax on its next available VAT return and submitted to HMRC. Given the size of the repayment due to […]
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Our practice is getting an increasing number of queries from clients who have bought electric cars which will be used for both business and private purposes. Please could you clarify how to treat input tax recovery on the charging costs for my clients? To read more, click HERE
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My client is a trading company and due to trading difficulties in the current year, they have made a loss in their trade, which they will carry back to the profitable previous year. They also have a rental property in the company that also made a loss, can they carry that loss back against the […]
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My client is an online retailer of cinema and theatre e-tickets. Since the announcements across the UK for relaxing COVID related restrictions there has been a surge in sales. The e-ticket is for admission only and can be used in certain cinemas and theatre chains nationwide, irrespective of the regional price differences for admissions. The […]
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I want to set up a discretionary trust for my grandchild with £100,000 cash but I have already gifted them £325,000 in cash directly so will I now have to pay inheritance tax if I set up this trust? To read the full article – CLICK HERE
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My client has a limited company that has acquired some land to develop. They are going to develop some high value residential properties that are going to be let out on a commercial basis to third parties. One of the properties is going to be the main residence of the sole director/shareholder of the company […]
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Post-Brexit Import VAT Procedures. There are now three possibilities for businesses importing goods from both the EU and third countries, that is, anywhere in the world: The original procedure which is still in use, requires the importing business to pay the import VAT on clearance of the goods into free circulation and then claim […]
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Recovery Loan Scheme. The final stage of the Government’s loan packages will open on 6th April 2021, this scheme is expected to run until 31st December 2021. Businesses who have received prior COVID funding will be eligible to apply for a Recovery Loan Scheme, in so far as the business meets the qualifying conditions. […]
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Our clients are downsizing and are disposing of their main residence. The property has 2 acres of garden. Would the whole area qualify for Private Residence Relief? Want to find out more? Click here
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My clients are a non-resident married couple who have a portfolio of UK residential properties in both sole and joint ownership. As part of an Inheritance Tax planning exercise, the husband is considering the transfer of some of his properties to his wife and this will include a transfer of debt which we understand is treated […]
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My client is a wholesale supplier of furniture; he buys from VAT registered manufacturers in the EU. Some of the goods are delivered to him in the UK, but some of the goods are sent direct by the manufacturer to my client’s business customers in the EU. He is fine with the supplies delivered directly […]
read moreOur latest Newsletter is designed to help you navigate the challenges of 2021. We continue to advise on the emergency support available via HMRC, focussing on repaying VAT deferred in 2020, and compliance with the Self-employment Income Support Scheme. Front page news: Just one click? Get to grips with what your Business Tax Account can […]
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My VIP Tax Team VAT Question of the Week: VAT Changes for Services from 1st January 2021: Use and Enjoyment and B2C professional services | 23rd December 2020 As an accountant we sometimes prepare tax returns for individuals living in the EU. From 1st January 2021 do we continue to charge UK VAT on those […]
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Tax Question of The Week: Discretionary Trusts & 10 year charges | 16th December 2020 My client is a husband and wife who have settled a jointly held rental property worth £400,000 into a discretionary trust for their grandchildren. If the property value stays the same in ten years’ time would the trustees have a […]
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VIP Tax Question of the Week: VAT Implications of the Northern Ireland Protocol | 8th December 2020 I have a number of clients based in Northern Ireland (NI) who both supply goods to and buy from mainland UK and the Republic of Ireland (ROI) mainly on a wholesale basis. Please could you clarify the rules […]
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HR Expert: Statutory Wage Increase | 4th December 2020 A client is concerned about the Government’s recent announcement that the National Living Wage will increase next year. Is there anything that they need to keep in mind, or any financial assistance that they may be entitled to? It is unlikely that the Government will introduce […]
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VQOTW: Fitted Furniture & Reduced Rate Building Work | 1st December 2020 My client specialises in bespoke joinery. He has worked on a lot of new houses but has now been asked to work on the renovation of an old country house that has been empty for many years. He will be supplying and fitting […]
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VAT Question of the Week: Post Brexit Supplies of Digital Services | 25th November 2020 A number of clients supplying various kinds of digital /electronically supplied services to businesses and consumers in the EU. Their activities include the supply of downloadable software and Apps, and access to information, photo or videos held online. They currently […]
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VAT Question of The Week: Selling Land with Civil Engineering Works | 12th November 2020 My client is a VAT registered builder who purchased bare land for £260,000 inclusive of VAT, with the intention to construct new dwellings and sell the freehold interest. He has incurred and recovered input tax on acquiring the land, professional […]
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Lockdown Information | 5th November 2020 As England faces its second lockdown until 2nd December, there are number of new lockdown rules that apply for all businesses, including which businesses are able to stay open, amendments to the furlough scheme and further changes made by the UK Government. How will your business or employees be […]
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November 2020 Job Support Scheme | 29th October 2020 After further changes to the Job Support Scheme, a client would like to know how the changes will affect them, especially as they are a smaller business. Please can you advise? Employers like your client have likely been preparing for the Job Support Scheme (JSS) as […]
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Although the first round of government Covid-19 (coronavirus) business support schemes are coming to an end, the fundamental problems caused by the pandemic are still very much with us. In acknowledgement of this, the government has cancelled the autumn Budget and announced various new measures in an unexpected Winter Economy Plan. We outline key aspects […]
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Job Support Scheme | 23rd October 2020 The Government has announced that it will increase the scale of support available to employers through the Job Support Scheme above what was initially announced, in order to protect more jobs. The new scheme will run for six months and will be reviewed in the new year. If […]
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Tax Question of the Week: SDLT – Temporary Rate-Reduction & Multiple-Dwellings Relief | 12th October 2020 My client is purchasing three residential investment properties from the same seller. I am aware that my client must pay Stamp Duty Land Tax at the “higher rates” for additional dwellings (supplementary 3%). The property values are £530,000, £325,000, […]
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Do you need to know more about the Job Support Scheme and what it consists of. Will you be eligible? and how can you apply for it if so? The Job Support Scheme (JSS) will replace the Job Retention Scheme (JRS). You may know that the JRS has been in place since March 2020 to […]
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Tax Question of the Week: Substantial shareholding exemption | 28th September 2020 A client owns 100% of the shares in a personal company. That company owns 10% of the ordinary shares in a trading company – the other 90% being owned by an unconnected company. The 90% shareholder company has made a significant loan to the trading company. Our […]
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The Chancellor Rishi Sunak has outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK. Support for Workers A new Job Support Scheme will be introduced from 1 November to protect viable jobs in businesses who are facing lower demand over the winter months due to coronavirus. Under […]
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We are pleased to announce the opening of our latest office in Stafford Technology Park. With our growing client base in Staffordshire and the surrounding areas, we felt it necessary to have an office closer to our clients in the area. Our offices are located at Unit 14, Pearl House, Anson Court Business Centre, Staffordshire […]
read moreHelp for those who are self-employed Self-employed people whose livelihoods have been affected by coronavirus will be able to claim a second payment of up to £6,570 from 17th August – as the government continues to help drive the UK’s recovery. the second stage of Self Employment Income Support Scheme (SEISS) opens for applications from […]
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DKR is proud to announce our recent merger with Williams Ashton & Anderson. We are excited to team up with a reputable South Birmingham firm that boasts 55 years of experience as Accountants and Business Advisors to a range of SME clients. We are two of the Midlands fastest-growing accountancy firms and will strive to […]
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Given the global pandemic we have teamed up with industry leaders to provide 24 hour support and up to date advice to our clients. With round the clock updates, factsheets and messages that are being posted on social media and a special broadcast list for our clients. To learn more sign up for our newsletters […]
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DKR were pleased to sponsor the In Touch With Gala Awards and even ended up bagging an award. Well done to Khuram on bagging the Extra Mile Award.
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Our managing partner Khuram Javed was asked to write a piece on “As I see It” for the September Issue of Economia. Named after the woman who has been at the heart of ICAEW’s coat of arms since 1881, economia reflects the breadth, depth and diversity of the membership, providing expert commentary, intelligence and opinion […]
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As a forward-thinking organisation, we are pleased to be sponsoring the 2019, Asian Media Awards. We have no greater sense of pleasure than that of working with vigorously determined, fastidious and bright, Asian entrepreneurs, philanthropists and media personnel. Through sheer grit, fearlessness and dedication we see on a daily basis how the Asian business community […]
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Once again team DKR supported the Annual Accountants dinner organised by the WGCA current Chair Ben Powell. The venue was Worcestershire Cricket Club with guest speaker Gary Delaney and an array of entertainment.
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WGCA Annual Dinner 2017 with Khuram Javed as Chair of WGCA
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DKR selected as ICAEW representatives for the Birmingham Virgin VOOM tour at the Custard Factory.
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Our managing partner at the 2016 WGCA Annual Dinner. As chair of the district society, Khuram was on hand to ensure the evening ran smoothly with guest speaker Bill Turnbull.
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