03Mar
Tax crackdown on high-net worth individuals and families
The use of Family Investment Companies (FIC) has come under investigation by a small ‘secret’ HMRC team known as the FICs Unit. The unit was launched in April 2019, with […]
Blog
27Feb
TV presenter Eamonn Holmes loses IR35 appeal
A First Tier Tribunal (FTT) has found the work of veteran TV presenter Eamonn Holmes falls within IR35, with the judge deciding his contract with ITV’s This Morning programme amounted […]
24Feb
The impact of late payments on SMEs
A recent study has shown that UK small and medium size businesses spend more than a week a year chasing late customer payments, worth more than £50bn. Published figures indicate […]
21Feb
Do you want to be a business owner? An MBO could be the answer
If you are one of the 60% of adults in the UK who has ambitions of being a business owner, a management buy-out (MBO) could represent an attractive option for […]
19Feb
HMRC tax clampdown on buy to lets
A campaign by HM Revenue & Customs to encourage buy to let investors to confess any undeclared tax liability has produced millions of pounds of additional tax revenue. In 2019 […]
17Feb
Payroll Changes – new NIC thresholds
The 2020 Budget is still a few weeks away, but the NIC rates and thresholds have been announced, together with details for other payroll deductions. Employees will benefit from […]
11Feb
New attractive tax rules for electric cars
From April, company car tax will be scrapped for electric car buyers, and experts are predicting increased demand for electric vehicles. The SMMT (Social Motor Manufacturers and Traders) reported that […]
06Feb
HMRC repeats the same mistake
Tribunal unimpressed with HMRC bringing a case concerning input tax recovery on tax advisory costs nearly identical in facts to a case it lost three years ago. In the recent […]
04Feb
HMRC issued more than 4,300 winding up orders in 2018-19
HM Revenue & Customs filed 4,308 winding up petitions in the year to September 2019, an increase of 6% from the previous year. HMRC uses these petitions to chase outstanding […]
29Jan
Pension contributions: what you need to declare on your tax return
If you are in the process of completing your 2018-2019 self-assessment tax return over the next few days (deadline Friday 31 January), don’t forget to declare your pension contributions. Taxpayers [...]Memberships
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