Insights

By Donal Laverty, Consulting Partner  There is no escaping the recession we are slipping into. The UK economy will shrink by 1.4% in 2023 and unemployment will jump to 4.9%. Yet simultaneously, businesses are aggressively recruiting to fill vacancies and almost three...

HMRC is introducing a new VAT penalty regime from 1 January 2023, replacing the current default surcharge with a fixed rate, points based system for late VAT submissions and payments. The changes will affect businesses submitting VAT returns for accounting periods...

Reacting to the Chancellor’s Autumn Statement on 17th November, Head of Tax Angela Keery said: "The Autumn Statement delivered today is confirmation of the bleak outlook we face both in terms of business finances and our personal, take-home pay packets. Individuals...

It’s been another busy year for us all. From the after-effects of the pandemic to increasing costs and inflation, few will have escaped the challenges of 2022. Yet an important part of the business calendar is the Christmas party, which is a welcome opportunity to...

By Donal Laverty, Consulting Partner  Recently I returned to speak at the CO3 Annual Leadership Conference, examining the future of work and reinvention of how, when and where we undertake our roles. In this period of transition and workplace shift, I discussed with...

This International Accounting Day, together with our Baker Tilly International colleagues around the world, we celebrate our profession and what’s changed in the industry.  Following another busy year, our Business Services Partner Michael Branniff joins us for a look...

By Ryan Connor, Senior Management Consultant at Baker Tilly Mooney Moore The quick succession of the Covid pandemic into an unprecedented cost-of-living crisis means our world has been disrupted for some time now. Throughout this, adapting and pivoting at a strategic...

By Donal Laverty, Consulting Partner at Baker Tilly Mooney Moore Last month we discussed the pace of the labour market and the operational challenges it presents. A growing area of concern, some 31% of CEOs and business leaders now identify attraction and retention of...

Trustees are now required to register details of UK trusts with the Trusts Registration Service (‘TRS’) by 1st September 2022. Taxable trusts (those with an income tax or inheritance tax liability) should have been previously registered with HMRC. Non-taxable trusts...

By Donal Laverty, Consulting Partner at Baker Tilly Mooney Moore The pace of the labour market in Northern Ireland has accelerated sharply in recent months to become a key operational concern for many businesses. Job openings are consistently high, salaries are...

The 2021 Spring Budget introduced two types of enhanced allowances for companies incurring capital expenditure from 1 April 2021 to 31 March 2023. But for organisations with a year-end other than 31 March 2023, expenditure will need to be incurred earlier than that in...

The way in which the tax basis period is calculated for the self-employed and partnerships is set to be reformed ahead of the implementation of Making Tax Digital in April 2024. What are the current rules? At present unincorporated businesses are free to choose...