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Insights

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) delayed and threshold increased

The move towards a digital tax system was first announced in the 2015 Budget, with a timeline said to be implemented from April 2018. Several changes to the implementation timeline have been made since 2015, most recently in December 2022.

3 Mar 2023

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Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) delayed and threshold increased - news article image

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) delayed and threshold increased

The move towards a digital tax system was first announced in the 2015 Budget, with a timeline said to be implemented from April 2018. Several changes to the implementation timeline have been made since 2015, most recently in December 2022.

3 Mar 2023

Shaw Gibbs adds defibrillator to office in Summertown - news article image

Shaw Gibbs adds defibrillator to office in Summertown

Shaw Gibbs have taken the decision to ensure the safety and wellbeing of employees and the local community by adding a defibrillator to its office in Summertown, Oxford.

27 Feb 2023

Shaw Gibbs forms its first ESG committee - news article image

Shaw Gibbs forms its first ESG committee

Accountancy firm Shaw Gibbs has formed its first Environmental, Social and Governance (ESG) advisory committee.

4 Jan 2023

VAT new penalty system: The GOOD, the BAD, and the UGLY - news article image

VAT new penalty system: The GOOD, the BAD, and the UGLY

For those that aren’t already aware, the system for levying penalties on late VAT returns and late payments is changing in 2023.

3 Jan 2023

Don’t miss the self assessment filing deadline! - news article image

Don’t miss the self assessment filing deadline!

The deadline for completing your paper tax return has passed, but there is still time to submit your tax return online and avoid a penalty.

14 Dec 2022

Delay in Care Reforms - news article image

Delay in Care Reforms

With the Autumn statement announcement on the 17th November I am left wondering what the future for Care Reform in England will be.

6 Dec 2022

When business health meets mental health - news article image

When business health meets mental health

One side of insolvency which many people do not see, is that we often deal with owner-managers who are under great strain. Often, their families are also suffering financially and/or mentally due to the knock-on effects of the difficulties within the business.

1 Dec 2022

Totally addicted to bias - news article image

Totally addicted to bias

I’ll admit that drum and bass is more a genre of music that my children appreciate, but it was either this or “a buttery biscuit bias” and I just couldn't bring myself to go that far!

22 Nov 2022

The Autumn Statement 2022 - news article image

The Autumn Statement 2022

The Autumn statement was delivered to the House of Commons on 17 November 2022 The Government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises. From our perspective, there are a number of planning areas which we can assist with.

18 Nov 2022

The ‘Option to Tax’ - beware costly misunderstandings. - news article image

The ‘Option to Tax’ - beware costly misunderstandings.

There aren’t too many single purchases or sales a business will make that involve bigger sums of money than real estate. Getting things wrong with regards to VAT can be costly.

11 Nov 2022

Apiary Capital invests £10m in Shaw Gibbs - news article image

Apiary Capital invests £10m in Shaw Gibbs

Apiary Capital has completed a £10m investment in Oxford-headquartered Shaw Gibbs, a provider of essential accounting, tax, payroll and related advisory services to over 4,000 SMEs and high net worth individuals. The company has over 100 team members and is led by experienced industry operator, Peter O’Connell, who has been Managing Partner since 2016.

3 Nov 2022

When Matrimonial meets Insolvency - news article image

When Matrimonial meets Insolvency

Mrs A was referred to us by a matrimonial solicitor. The lady had been divorced several years earlier, at which time she and her then husband had agreed the matrimonial house was to be sold once the youngest child turned 18, and the equity split 60% to her and 40% to him.

28 Oct 2022

Shaw Gibbs Financial Advisor achieves Later Life Accreditation - news article image

Shaw Gibbs Financial Advisor achieves Later Life Accreditation

Nick Hutchings, Financial Adviser for Shaw Gibbs Financial Planning has achieved the Society of Later Life Advisers (SOLLA) Later Life Adviser Accreditation, the Highest Standard for advice in the Later Life Market.

21 Oct 2022

The reversal of the Mini Budget - news article image

The reversal of the Mini Budget

When I said that the 'Mini Budget' was a surprise in my article of the 28 September, who would have thought more surprises were on the way. Three weeks later, after huge turmoil, a reversal of most of the elements of that plan and a new statement planned for 31 October.

18 Oct 2022

The true cost of long term care – what you should know - news article image

The true cost of long term care – what you should know

The government presented their “Build Back Better” plans on reforming the cost of care. Great news, the cost of care will be capped at £86,000 for England due to come in to force in October 2023.

30 Sep 2022

Residence – what are exceptional circumstances? - news article image

Residence – what are exceptional circumstances?

When calculating an individual’s liability to tax in the UK, their residence status plays an important role. Since 2013 this is determined by the Statutory Residence Test (SRT).

30 Sep 2022

A surprising “mini” Budget - news article image

A surprising “mini” Budget

On 23 September the new Chancellor, Kwasi Kwarteng stood up at the unusual time of 9:30 to deliver his Growth Plan speech which many have termed a “mini” Budget.

28 Sep 2022

Capital Gains Tax – getting the details right! - news article image

Capital Gains Tax – getting the details right!

The recent tax case of Kavanagh v HMRC has highlighted the importance of ensuring that the relevant qualifying conditions are met to access valuable tax reliefs.

27 Sep 2022

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited

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