tax

Time to change how we assess business rates for hydro

Anticipating the Chancellor’s Budget in March 2017, the chief executive of the British Hydropower Association (BHA) – of which we are members – Simon Hamlyn, warned that the business rates system for hydroelectric schemes was “fundamentally flawed” and needed “urgent attention”. We’re inclined to agree. Simon’s voice was one of many in the industry that has expressed concern about the Government’s business rates re-evaluation recently.  As a result of the recent changes, some small businesses in the renewables sector will now see their business rates increase by as much as 900%. Clearly, this kind of hike in taxation could be devastating…
Energy
Don’t Let HMRC Spoil Your Christmas Party

Don’t Let HMRC Spoil Your Christmas Party

You can deduct the cost of your work Christmas Party against tax but there are some rules you have to follow. Sorry to sound like a bit of a scrooge, but if you get it wrong it can work out expensive. You’re allowed to spend £150 (inc vat) per person. The total cost must include things like taxis, accommodation as well as food and drink. But you can include customers and employees guests when working out the average spend. Be warned, if you spend any more than this the Christmas doo becomes a taxable benefit which means you have to…
Leisure
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