191 employers have been publically named and shamed by the government for not paying the National Minimum Wage (NMW). In the current list of employers published, £2.1m was found to […]
Following no evidence of a correlation between the use of family investment companies (FICs) and non-compliant behaviour, the specialist HMRC unit has been disbanded. HMRC began to recognise that FICs […]
On 1 August employer contribution doubled to 20% and will remain at this level until the scheme ends on 30 September 2021. Employers must now pay 20% of the wages […]
HMRC has stepped up their scrutiny for Research & Development (R&D) tax reliefs by recruiting 100 new inspectors, highlighting the importance for businesses to put together a robust R&D tax […]
HMRC is liaising with tax professionals over clearance changes concerns, such as missed deadlines and misunderstandings of the commercial drivers for business transactions. Applying for statutory clearance in preparation for […]
Interflex Limited, an automotive parts manufacturer in Nottinghamshire, has undergone a management buyout (MBO) as part of their ongoing expansion plans. Set up in 2003, Interflex supply a range of […]
The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed on profits […]
140,000 “extra” transactions have been generated in the UK from the stamp duty holiday, but who really benefits? According to a report from the London School of Economics (LSE), homeowners […]
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If managed correctly, […]
The Office of Tax Simplification (OTS) has explored how tax reporting could be made easier for taxpayers if third parties were required to provide information to HMRC. The annual stress […]
