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Professional News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Future of MTD uncertain following election result - June 20, 2017
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Following the general election on 8 June, the resulting hung parliament continues to create uncertainty for a number of key treasury proposals, including the introduction of Making Tax Digital (MTD). MTD – along with changes to the Money Purchase Annual Allowance and Dividend Tax Allowance – were shelved after they all fell victim to the … Continue reading Future of MTD uncertain following election result


New staff welcomed to our team - June 20, 2017
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We are delighted to welcome several new members of staff to our offices across the region. Qualified Chartered Accountants Jemma Witting and Michelle Robinson have recently joined us and will work out of our Wisbech office, providing support and advice to a wide range of businesses and individuals in the town and beyond. Meanwhile, we … Continue reading New staff welcomed to our team


New rules affect furnished lettings - June 20, 2017
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Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous. Privately rented properties that are not a principal private residence, and therefore do not qualify for principal private residence relief, are normally subject to capital gains tax at 18 per … Continue reading New rules affect furnished lettings


Raising a glass in support of the Spalding Beer & Music Festival - June 20, 2017
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One of the most eagerly anticipated events in Spalding’s fundraising calendar took place over the spring bank holiday weekend. This year’s Spalding Round Table Beer & Music Festival, which was sponsored by Moore Thompson, drew crowds of people to the Castle Sports Complex. Festival goers enjoyed liquid refreshment whilst listening to a music line up … Continue reading Raising a glass in support of the Spalding Beer & Music Festival


HMRC cracks down on unpaid taxes - June 20, 2017
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HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion. The figures, published by Funding Options, show that the Revenue issued 3,900 applications to wind-up firms with outstanding tax bills in … Continue reading HMRC cracks down on unpaid taxes


Charity race night raises more than £1,500 for local cause - June 20, 2017
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We would like to thank everyone who generously supported our recent charity horse racing night on 8 June, which raised an incredible £1,588 in aid of local children’s charity, Anna’s Hope. Organised by our firm’s own in-house charity, the Moore Thompson Charity Fund CIO, the event saw more than 70 guests enjoy a night at … Continue reading Charity race night raises more than £1,500 for local cause


Number of start-ups has fallen - April 18, 2017
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New analysis of BankSearch data by Lloyds Bank has shown that the number of new business start-ups in UK has fallen over the last five years. The bank’s research revealed that there were fewer new start-ups in November 2016 compared to the same period in 2011, with nearly 100,000 fewer new businesses in England in … Continue reading Number of start-ups has fallen


Tax reliefs going unclaimed by higher earners - April 18, 2017
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A survey of 4,000 people has found that around 76 per cent of high earners do not complete a self-assessment tax return, as they believe tax is automatically deducted from their earnings or pension through PAYE. For many this could mean that they are not claiming tax relief on pension contributions and charitable donations and … Continue reading Tax reliefs going unclaimed by higher earners


Small Business place trade deals as top priority from Brexit - April 18, 2017
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A new study by the Federation of Small Businesses (FSB) has found that continued access to markets in the EU is the top priority for the UK’s small business community. The FSB’s report showed that of the 1,758 members surveyed, 63 per cent regarded the EU market as an important trade destination. It also showed … Continue reading Small Business place trade deals as top priority from Brexit


Small businesses underestimate benefits of succession plans - April 18, 2017
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The UK’s network of small business play an important part in the British economy and represent the majority of businesses within the UK. However, new research from insurer, Legal & General has found a serious lack of awareness amongst SMEs about business protection. Their latest study has revealed that around 40 per cent of businesses would … Continue reading Small businesses underestimate benefits of succession plans


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