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Lock, stock and tax-efficient barrels: investment and tax considerations for shotguns

For individuals with a valid shotgun certificate and shooting experience, investing in a shotgun can be an appealing idea. You may have inherited a gun that now presents an investment opportunity, or perhaps you are looking to upgrade your existing shotgun. As part of our Alternative Assets series, this blog explores what makes a good shotgun investment, how the market is shifting, and the tax treatment of buying and selling shotguns.

New York City Midtown with Empire State Building at Amazing Sunset

Legal considerations for doing business in the United States

With the US offering one of the largest consumer markets in the world, it’s no surprise that international businesses often view expansion there as a natural next step. But before setting up a US entity, it’s worth asking a more fundamental question: should you? In a recent webinar hosted by Wilson Elser, a member firm of global association IAPA International, legal experts gave a practical overview of the key considerations for setting up and operating in the US.

Game designers testing their new VR game in the office

What do I need to know about Video Games Expenditure Credit (VGEC)?

Video Games Expenditure Credit (VGEC) is a new tax relief scheme introduced to support the video game development industry in the UK. Read more from our experts here...

Red Ferrari 250 GTO with private plate

Investing in private number plates

Beyond their unique visual appeal, personalised number plates have become a niche investment amongst car enthusiasts and collectors. Some plates appreciate significantly in value over time, with sought-after combinations commanding substantial sums at auction. In this blog, we outline considerations for investing in private number plates for individuals and businesses, focusing on their tax treatment.

Forest path splitting in two directions

What is a direct statutory demerger and how can you use it?

Statutory demergers are often described as the ‘go-to’ method of demerging, as they are quite literally written in the legislation. Due to their simplicity, i.e. not incorporating or liquidating companies, they are typically cheaper to implement and more straightforward. For those that meet all the relevant conditions, they are extremely effective. However, in practice, they are infrequently used due to the numerous conditions attached. Attempting a statutory demerger without meeting these requirements can lead to tax inefficiencies, highlighting the importance of seeking professional advice prior to demerging your business.

Game developers reviewing concept art

I’m developing a video game, what tax reliefs are available to me?

Video Games Tax Relief (VGTR) is a financial incentive designed to support the video game development industry in the UK. Find out more from our experts here to ensure you are claiming the relief you are entitled to...

Modern residential property building

FRS 102: Changes for property companies in 2025/26

On 27 March 2024, the Financial Reporting Council (FRC) introduced significant changes to FRS 102 to better align with international reporting practices and improve the quality of financial reporting. In this article, we’ll set out the updated guidance and provide practical advice to help property businesses adapt.

Birdseye view of 5 people putting their hands in a circle on top of each other. Below their hands are boxes of food and jam jars.

SORP 2026 Exposure Draft – Are you ready for tiered reporting?

The long awaited exposure draft charity statement of recommended practice for 2026 (SORP) has finally landed, and with it comes a major change in the structure of how charities report in their accounts. Read more here...

A closeup of an empty classroom with a pot of coloured pencils in red pots. The classroom is in a school in Hexham in the North East of England.

Academy trusts: Don’t forget to claim Employment Allowance

Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to £10,500 from 6th April 2025 (25/26 tax year). You can only claim against your employers’ Class 1 National Insurance liability. Academy trusts are eligible for Employment Allowance.  

Close up shot of the heads of 4 race horses lined up.

Investing in racehorse syndicates

Investing in a racehorse syndicate is mainly a hobby for many people, with members joining for the enjoyment of ownership rather than financial gain, as the chances of making a profit are slim. While the experience can be exciting, understanding the UK tax implications will help you make informed decisions before getting involved. This article explores how HMRC treats racehorse syndicate investments, covering Income Tax, VAT considerations, and the treatment of winnings and losses.

Chat VAT - Answering your VAT FAQs

Let's chat VAT - despite VAT being around for 50 years, many business owners are still confused about their VAT obligations. In this rolling series we consider some of our regular VAT queries and provide the answers to those frequently asked VAT questions. Read here about a current e-invoicing consultation.

Connection Data Lines on World Globe

Non-dom regime set to be replaced by the FIG regime - figuring it out

The Government has recently published proposed amendments to the Finance Bill 2024/2025, which include fundamental changes to the taxation of non-domiciled individuals. These amendments were debated and passed during the report stage of the Finance Bill on 3 March 2025. Find out more in our FIG regime update here...

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