More recent posts
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Is IHT en route for major reform?
With a sense that inheritance tax (IHT) reform is overdue, combined with a need to raise funds to alleviate the costs of the pandemic, plans for significant changes…
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Applications for fifth SEISS grant opens late July
The fifth Self-Employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To qualify for the grant…
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Furlough… the end is in sight
The Coronavirus Job Retention Scheme (CJRS), commonly known as furlough, is approaching its final stages. What considerations do businesses need to be aware of? From 1 July 2021…
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Could the end of the tax year be moved?
The Office of Tax Simplification (OTS) is considering moving the end of the tax year from 5 April to either 31 March or the end of the calendar…
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M&A activity continues to surge
Record levels of mergers and acquisitions (M&A) activity looks set to continue for the rest of the year and into 2022. For the third straight month in May,…
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Watchdogs criticise HMRC performance
Both the Institute for Chartered Accountants (ICAEW) and the Association for Chartered Certified Accountants (ACCA) believe HMRC need to address “poor service levels”. The news comes from a…
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Considering a share incentive plan?
Where cash bonuses or pay rises are insufficient or infeasible, share incentive plans can offer a flexible and tax-efficient way to reward staff. The pandemic has undoubtedly had…
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OTS proposes CGT deadline extension
The Office of Tax Simplification (OTS) has recommended extending the payment deadline for Capital Gains Tax (CGT) for divorcing couples and those selling property. Introduced in April 2020,…
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Balancing tax compliance with business growth
As many business owners look to bounce back from the COVID-19 pandemic, business growth often leads to additional tax compliance requirements. An evolution in your business may represent…