HMRC clarify new rules for profit distributions to Theatre investors

Further to our previous updates on this subject, HMRC has now clarified the new rules and their effective dates. The old position for investors Individual (UK) investors were able to take advantage of a special Extra Statutory Concession (ESC A94) which allowed them to offset losses against profits made on investments in theatrical productions. What’s … Read more HMRC clarify new rules for profit distributions to Theatre investors

UK votes to leave EU – What next?

As the nation digests the reality of an EU exit and with Prime Minister David Cameron handing in his resignation, we now face a period of uncertainty in both our business and our personal affairs. It is important for us to turn our attention towards how Brexit will affect key accountancy issues, including tax and help … Read more UK votes to leave EU – What next?

NLP attends Theatre 2016 Conference

Last week, Partner Anthony Pins and Manager of our specialised Theatre Accounts division Gemma Jeynes attended Theatre 2016 – the largest ever industry-wide conference. Theatre 2016 was organised to celebrate the UK’s current position as a world leader in theatre and highlight the sector’s massive contribution to the cultural, social, educational and economic health of the nation. … Read more NLP attends Theatre 2016 Conference

Olivier Awards 2016

Last night the Royal Opera House hosted the prestigious Olivier Awards which honour the very best talent in the Theatre world. Big congratulations to friends of NLP – Gypsy, Showstoppers the Musical and Eleanor Lloyd Productions’ ‘Neil Gywnn’ on their wins!! Dame Judi Dench was undoubtedly the star of the evening as she cemented her … Read more Olivier Awards 2016

NLP Easter Bake Off

Yesterday we held our NLP Easter Bake Off in aid of our company charity Cystic Fibrosis Trust which we are delighted to announce raised £120.00! All the bakes were at a exceptionally high standard so well done to all our NLP Bakers – You did us proud! Our tasters sampled every entry and placed a vote for … Read more NLP Easter Bake Off

Budget March 2016 Report

The budget inevitably posed challenges to the Chancellor both politically as well as economically.  His task was even more unenviable given the oscillations in economic forecasting brought about by unforeseen change in international  economic activity as well as the gyrations we have recently witnessed in financial markets. The sugar levy is expected to raise £500 million … Read more Budget March 2016 Report

Changes to Company Dividends

As you may be aware, the Government is proposing new rates of tax for company dividends paid out from 6 April 2016. Hitherto, there has been an overall saving for owner managed businesses because there was only tax on dividends received, whereas salary payments or self employment income attracted both tax and National Insurance and … Read more Changes to Company Dividends

Year End Tax Planning

Year end tax planning for individuals is traditionally focused on what you should do ahead of the end of a fiscal year. It should however be a wider thought process on steps you should take to review your tax planning in the next fiscal year and onwards. This year it is particularly relevant as there are a … Read more Year End Tax Planning