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News - 2021-07-30

UK Innovation Strategy

Well, the grand unveiling of the UK Innovation Strategy was suffixed by another corker of a slogan – ‘leading the future by creating it’. Perhaps not as catchy as ‘Eat Out to Help Out’ or ‘Hands, Face, Space’, but we must be in with a podium chance if there was an Olympic event for slogan… The post UK Innovation Strategy appeared first on PKF Francis Clark.

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News - 2021-07-29

Academies Accounts Direction 2020/21 supplementary bulletin

The anticipated supplementary bulletin has recently been issued by the ESFA. As with last year’s bulletin, it has the same status as the Academies Accounts Direction (AAD) itself and the two documents should be read in conjunction with each other. The purpose of the document is both to introduce some additional requirements but also to… The post Academies Accounts Direction 2020/21 supplementary bulletin appeared first on PKF Francis Clark.

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News - 2021-07-29

Cyber Security: The social network where everyone’s been netted

Social networks are one of the most common ways we communicate in the 21st century. We use them for entertainment, social interaction and even business. But with all the personal details we put on social media, how easy is it to use that information to manipulate somebody into doing something they shouldn’t? This is where… The post Cyber Security: The social network where everyone’s been netted appeared first on PKF Francis Clark.

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News - 2021-07-29

New requirements for large businesses to notify HMRC about uncertain tax treatments (UTT) taken

As part of the March 2020 Spring Budget, Chancellor Rishi Sunak announced a new requirement on large businesses to notify HMRC of uncertain tax treatments taken. The requirement was announced as an attempt to plug an estimated £4.9m tax gap that the Government perceive to have arisen as a result of differing legal positions taken… The post New requirements for large businesses to notify HMRC about uncertain tax treatments (UTT) taken appeared first on PKF Francis Clark.

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News - 2021-07-28

Johnston Carmichael supports new generation of audit talent

Leading independent chartered accountancy and business advisory firm, Johnston Carmichael, has awarded prizes to three top audit students at Robert Gordon University.

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News - 2021-07-28

Future Fund: Breakthrough

As someone who is interested in equity and technology companies, I was excited to receive an email from the British Business Bank on the launch of the Future Fund: Breakthrough, a fund through which  “British Patient Capital will make equity co-investments with private sector investors in later stage R&D-intensive UK companies operating in breakthrough technology… The post Future Fund: Breakthrough appeared first on PKF Francis Clark.

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News - 2021-07-28

Guide to Returned Good Relief – Recreational Pleasure Craft

The Basics VAT Paid Status For any vessel that is operating within EU27 or UK waters, the owners/users must be able to demonstrate that it has what is known as VAT Paid Status (VPS) i.e. that VAT has been paid or accounted for at the correct time and place and also at the appropriate rate… The post Guide to Returned Good Relief – Recreational Pleasure Craft appeared first on PKF Francis Clark.

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News - 2021-07-28

Pension planning webinar to help Scots fund retirement

Our Wealth team have partnered with The Scotsman to host a webinar on 1 September about how to plan a better retirement.

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News - 2021-07-28

Claiming Gift Aid on volunteer expenses

As part of our recent look at some of the complexities around Gift Aid, we know that volunteer expenses can cause confusion. Volunteers sometimes incur expenses when helping a charity, such as travel costs, and these may be reimbursed by the charity. Unfortunately, if a volunteer simply forgoes the expenses to which they are entitled,… The post Claiming Gift Aid on volunteer expenses appeared first on PKF Francis Clark.

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News - 2021-07-27

The Overlooked Inheritance Tax Exemption

___________________________________________________________________________ FREQUENTLY ASKED BUSINESS QUESTION I am considering making regular gifts to my adult children. Do I have to survive each of these gifts by 7 years in order for them to fall outside my estate for inheritance tax purposes or is there an Inheritance Tax Exemption for which the 7 year rule does not […] The post The Overlooked Inheritance Tax Exemption appeared first on PKF-FPM Accountants.

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