A First Tier Tribunal (FTT) has found the work of BBC presenters Joanna Gosling, David Eades and Tim Willcox fell within IR35, so tax and NIC are due on payments made to them by their personal service companies (PSCs). This is a significant win for HMRC involving over £300,000 in tax, adding to the confusion […]
Recent research undertaken by Intuit QuickBooks indicates that around 45% of SME employees have paid too much tax due to errors in their payroll, and would benefit from the services of an accountant! The same research shows 77% of SME employees believed, incorrectly, that it was not their responsibility to check they are paying the […]
HM Revenue & Customs’ yield from investigations into ‘wealthy individuals’ rose to £1.8bn in the 2018/19 tax year, up from £1.2bn the previous year. The number of compliance checks led by HMRC has also risen with many investigations ongoing. HMRC started to receive cross-border information last October via the common reporting standard (CRS), and over […]
HM Revenue & Customs (HMRC) have been accused of keeping people who face the controversial “loan charge” in the dark after settlements were put on hold pending a review. The loan charge, which came into effect on 6 April applied to anyone who used disguised remuneration schemes. The legislation added a 45% non-refundable charge on […]
