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Keep up to date with the latest news at Bright Brown.

Winter Economy Plan 2020

02-Oct-2020

Winter Economy Plan 2020 The government have set up a new range of support measures for those who have businesses which are being adversely affected by COVID–19.  These include: An extension of the VAT reduction from 20% to 5% for those in the ho...

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Crew-cab vehicles are cars for P11D purposes

27-Aug-2020

The Court of Appeal has recently ruled that two types of crew-cab vehicle, namely the Vauxhall Vivaro and VW Transporter Kombi are considered to be cars and not vans for the purposes of benefits in kind. This case has been ongoing since 2017 with Coco-Cola but the recent appeal against the Upper ...

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Capital Gains Tax and 30 days to file and pay

20-Aug-2020

Capital Gains Tax and 30 days to file and pay


Under a new regime, which applies to residential property transactions disposed of on or after 6 April 2020, you now have just 30 days to calculate your capital gain, file a residential property return and pay any capital gains tax due. Because there are so many factors that can affect th...

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Self Employment Income Support Scheme

18-May-2020

Self Employment Income Support Scheme


If you are self employed or part of a partnership and your business has been affected by Coronavirus (Covid-19) then you could be eligible for the Self Employment Income Support Scheme. It will cover 80% of your average monthly trading profits and 3 months will be paid in one lump su...

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Married Couples Allowance - Scam Alert

19-Apr-2020

Married Couples Allowance - Scam Alert


It has come to Bright Browns attention that letters are being sent out that on initial viewing may seem to be from a government department. These letters try to convince the reciever to make contact to claim a Married Couples Allowance - The company in question in fact can take up to 50% ...

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Another Blow for Landlords

08-Nov-2018

Another Blow for Landlords


The 2018 Budget has introduced two changes that will affect landlords that have previously used their rental property as their private residence.   At present the landlord is able to take advantage of some substantial reliefs against the Capital Gains Tax arising whe...

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