Employers “named and shamed” for failing to pay minimum wage
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 […]
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 […]