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Fax: (023) 8022 2200
Telephone: (023) 8021 1111
14 July 2020
The UK economy shrank by 19.1% in the three months to the end of May as the country struggled under the coronavirus (COVID-19) lockdown, according to the latest data from the Office for National Statistics (ONS).
The Scottish government will reduce the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.
13 July 2020
The tax gap fell to an estimated 4.7% for the 2018/19 fiscal year, its lowest recorded rate, according to the latest data from HMRC.
A government-backed scheme to offer free online advice to help small businesses bounce back from the coronavirus (COVID-19) has been launched.
Basra & Basra Ltd is an experienced and proactive firm of chartered accountants, registered auditors, tax specialists and business advisors with a leading commercial edge. Based in Southampton, Hampshire we are founded on a culture of long term partnerships. Our aim is simple: to provide an outstanding service to our clients; helping our business clients to achieve greater profitability and our individual clients to enjoy greater wealth. Whether it is traditional tax and accounting services, help with self assessment tax returns or more practical business and tax advice, we approach the task with the highest level of professionalism and dedication delivering a solution tailored specifically to your needs.
As you will see our website contains a wide range of tax, financial and business information, which we hope you will find useful.
To discuss how we can assist you further, or to arrange a free initial consultation, please contact us. We look forward to working with you.
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MTD will be introduced on 1st April 2019 for all VAT-registered businesses with a turnover above the current VAT threshold.
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