Following a recent application through Innovate UK Veritas Advisory, together with Brunel University London, are developing AI-assisted technology to aid SMEs to more efficiently collect and categorise data for tax assessment and tax relief. To find out more click here
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Veritas in AI Collaboration with Brunel University
Following a recent application through Innovate UK Veritas Advisory, together with Brunel University London, are developing AI-assisted technology to aid SMEs to more efficiently collect and categorise data for tax assessment and tax relief
New 130% Super Deduction Explained
Veritas have been in direct correspondence with HMRC with regards to the new 130% Super Deduction and specifically how it is applied on leased assets. Despite initially appearing as an exclusion on all leased assets, which would encompass most investment properties, there are opportunities to claim the new allowance.
Capital Allowances on Freeports
The Government have issued the responses to the Freeports Consultation, originally published in February 2020, and will offer Enhanced Capital Allowances in Freeport Tax Sites plus a Freeport-specific, Structures and Buildings Allowances.
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Veritas in AI Collaboration with Brunel University
30 Mar 2021
Following a recent application through Innovate UK Veritas Advisory, together with Brunel University London, are developing AI-assisted technology to aid SMEs to more efficiently collect and categorise data for tax assessment and tax relief
New 130% Super Deduction Explained
06 Mar 2021
Veritas have been in direct correspondence with HMRC with regards to the new 130% Super Deduction and specifically how it is applied on leased assets. Despite initially appearing as an exclusion on all leased assets, which would encompass most investment properties, there are opportunities to claim the new allowance.
Capital Allowances on Freeports
15 Dec 2020
The Government have issued the responses to the Freeports Consultation, originally published in February 2020, and will offer Enhanced Capital Allowances in Freeport Tax Sites plus a Freeport-specific, Structures and Buildings Allowances.
Society of Trust & Estate Practitioner (STEP) Webinar – Jersey Branch
12 Dec 2020
Veritas Advisory Directors Clive Curd and David Gibson presented on Capital Allowances to the members of STEP Jersey, highlighting the increased importance of Capital Allowances to offshore investors, and how to maximise the potential tax reliefs available including tax planning for future liabilities such as Capital Gains Tax.
£1,000,000 AIA Extended for 12 Months
13 Nov 2020
In a positive move the Government has today announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
Veritas Open Liverpool & Manchester Offices
18 Sep 2020
We are pleased to announce the opening of two offices in Liverpool and Manchester to strengthen our existing offering and provide a local presence to both existing and new clients.
Enhance SPV Tax Relief With Capital Allowances
07 Sep 2020
When an SPV sells it's sole property asset significant tax relief can be realised on sale using Capital Allowances. Normally they are written down at 18% or 6% on a reducing balance basis but on cessation of trade a balancing allowance may be due, accelerating the timing of the tax savings, as per our example in this article.
Use Capital Allowances To Reduce Your CGT & Taxable Income
07 Sep 2020
Until recently many offshore investors did not claim capital allowances due to having little or no tax liability.
However, as offshore investors are now within the UK corporation tax legislation and pay tax on their capital gain, consideration of Capital Allowances to reduce their tax bill should always be made.
Veritas Article in Property Week Magazine
08 Jun 2020
As part of the Property Week magazine Covid-19 support hub Veritas Advisory director Nolan Masters highlights how using Capital Allowances can help generate significant tax savings and ease cash flow problems.