More recent posts
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Ending the life of a Limited Company
Despite established legislation, many people remain unaware of the tax intricacies around the striking-off, or liquidation, of a company. An informal or voluntary strike-off (simple & cheap, therefore…
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Bonus or dividends – are the goalposts moving?
For private company owners fortunate to have a degree of choice as to how to pay themselves, at higher marginal tax rates in particular, dividends have held a…
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HMRC step up their chase for landlords who have not declared rental income
Landlords with undisclosed, or under-disclosed, rental income are in HMRC spotlight again, with the threat of demands for back payment of taxes, along with associated interest and penalties.…
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Basis of assessment reforms incoming
Upcoming basis of assessment reforms will alter the way trading income is allocated to tax years for the self-employed. The basis period will be changed from a current…
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Prepare for the new penalty system affecting late VAT returns and payments
HMRC’s new penalty system for late VAT returns and payments will be enforced from January 2023. The current system With the current system, HMRC can charge a financial…
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Autumn Statement 2022 – At a Glance
Chancellor Jeremy Hunt has delivered the Autumn Statement 2022. We have provided some details of the tax changes announced that will be of interest to owner-managed businesses, entrepreneurs…
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Attracting investment with SEIS and EIS
The tax incentives offered under the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are very attractive but come with some stringent criteria to follow. What…
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An increasing media spotlight on the R&D industry
A series of articles from The Times newspaper has placed a greater level of exposure on businesses illegitimately claiming Research and Development (R&D) tax credits. Over the past…
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New half year record for IHT receipts
A record £3.5 billion of inheritance tax (IHT) was gathered by the Treasury in the first half of 2022, the highest on record. Released last week, figures from…