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I blog regularly on issues that affect entrepreneurial and technology-based businesses which are close to my heart. My blogs are often provocative and I don’t always share the views of fellow tax professionals. And I certainly don’t have any political allegiances.

I’m an all-round business advisor, and tax specialist. There’s always lots going on in the tax world and I will share some of my thoughts with you. As always, I welcome your comments and feedback.

Life is tough for the entrepreneur and private businesses in general. Despite claims to the contrary, banks are more or less closed for business. Other traditional sources of funding are few and far between. Early-stage businesses need to have an exceptional idea to secure funding. More established businesses need to fund expansion out of profits.

In our profession there’s been consolidation and there will continue to be so. The largest firms are moving back into the world of management consulting (funny how things come round in circles) and other top firms are squeezing the big boys at the edges. One thing doesn’t change though – most decisions are driven by short-term profit needs; I should know, I’ve been there and got the tee-shirt. That’s why I established Jupp Consulting – to be completely independent.

We put our clients’ needs first, provide a cost-efficient and proactive service, and celebrate with you when your success brings us success.

Andrew Jupp – Founder and Principal

No autumn Budget – but there are still important changes…

No autumn Budget – but there are still important changes… 150 150 AJ

Although there is not an autumn Budget this year, there have been some significant tax announcements last week contained in a written Parliamentary statement given by Jesse Norman, Financial Secretary to the Treasury, on 12 November. In line with the tax policy-making framework, the Government consulted on a number of tax policies announced at Spring Budget 2020. The Government has published responses to some of…

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OTS concludes that CGT can distort behaviour – but isn’t that what it’s intended to do?

OTS concludes that CGT can distort behaviour – but isn’t that what it’s intended to do? 150 150 AJ

Published on 12 November, the Office for Tax Simplification (OTS) has published its first review of capital gains tax (CGT). This new report, written in response to the Chancellor’s request earlier this year, is the first that the Office of Tax Simplification (OTS) has devoted to CGT. The Chancellor asked the OTS, in particular, to ‘identify opportunities relating to administrative and technical issues as well as areas…

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Looking to a better future – the fiscal environment post Covid-19

Looking to a better future – the fiscal environment post Covid-19 150 150 AJ

Covid-19 will be a catalyst for the next wave of entrepreneurship and innovation. The world will need to adapt, with speed and agility: innovative entrepreneurship, thinking outside of the box,  will provide a greater range of options for generating the “new normal”. But the speed of response, and hence change, is vital. One of the boxes that previously has prevented many innovative changes to happen…

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Chancellor’s announcement: 24 September 2020

Chancellor’s announcement: 24 September 2020 150 150 AJ

The Chancellor today announced a new range of measures to help businesses and individuals through the next six months. More details will emerge over the coming hours and days. The Chancellor said the backdrop to the current announcements are: “Nurture recover by protecting jobs” There is a permanent adjustment to the economy Any financial plan needs to adapt and evolve as the Covid-19 pandemic evolves…

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Capital gains tax – time for reform?

Capital gains tax – time for reform? 150 150 AJ

Capital gains tax – are we likely to see major changes? The Chancellor has recently asked the Office of Tax Simplification (OTS ) to carry out a review of CGT to identify simplification opportunities. Remember that CGT is paid by individuals and trusts; companies pay corporation tax on chargeable gains. The call for evidence is in two stages: the first stage seeks high-level comments on the principles…

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The Chancellor’s Summer Statement. Really?…….

The Chancellor’s Summer Statement. Really?……. 150 150 AJ

Following the Chancellor’s Summer Statement yesterday I posted a blog simply summarising what he had announced. Now, nearly 24 hours later, I’ve had a chance to reflect on what was said, and I can’t for the life of me believe that he’s got it right. I don’t normally comment on political issues but confine myself to analysing the tax and business implications of fiscal and…

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Chancellor’s summer statement (or “mini Budget”)

Chancellor’s summer statement (or “mini Budget”) 150 150 AJ

A range of measures to boost the UK economy in the wake of the Covid-19 pandemic has been announced by Chancellor Rishi Sunak. They include VAT cuts for the hospitality sector, a Job Retention Bonus for companies, a Stamp Duty Land Tax cut and an ‘Eat Out to Help Out’ discount. In a statement to the House of Commons, the Chancellor outlined plans to give businesses…

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Tax policy documents (and my thoughts) and Covid-19

Tax policy documents (and my thoughts) and Covid-19 150 150 AJ

HM Treasury and HMRC have set out new timelines for tax policy consultations and other work in the light of the current Covid-19 crisis. As I comment further below, this is welcome news but I would have gone much further… In summary: • There will be a three-month extension to many consultation deadlines to give stakeholders time to submit their views • The extension will…

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Budget Commentary

Budget Commentary 150 150 AJ

This was the first Budget of the new government, the first Budget for 18 months, and the first Budget of the new Chancellor, Rishi Sunak. It followed a Bank of England interest base rate cut from 0.75% to 0.25% (50 basis points) announced earlier in the day. Whilst the first Budget of a new Parliament usually sets the tone for the next few years, often…

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11 March Budget predictions

11 March Budget predictions 150 150 AJ

On 11 March, Sajid Javid will present his first Budget as Chancellor of the Exchequer, which will also be the first Budget in nearly a year and a half. It’s also the first Budget presented by a government with a sizeable majority in Parliament for a decade or so. The first Budget of any new Parliament is normally the one where the Chancellor has the…

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