COVID-19

New COVID financial support announced

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Following the impact on businesses in England of the current ‘Plan B’ covid measures and the impact of Omicron on trade in the hospitality sector in particular, the Government has announced a new support package. The package comprises three elements: Dedicated support for the hospitality and leisure sectors in the form of one-off grants worth […]

Specialist Tax News

Summary of freeport tax advantages

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The main tax and customs duty advantages of locating in a designated freeport area are as follows:- SDLT exemption on the purchase of land and buildings in the area 10 year write off of the cost of constructing or renovating commercial property Enhanced capital allowances for investment in plant and machinery Exemption from employers NICs […]

Specialist Tax News

New year, new opportunities

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In his Spring 2021 Budget the Chancellor announced that there would be 8 “Freeports” in England with generous tax breaks to encourage businesses to set up and invest in those areas. The devolved governments will also be announcing locations in Scotland, Wales and Northern Ireland in due course. The proposed locations of the freeports can […]