We are often asked what the potential tax implications are for staff entertainment, in respect of the Christmas party for employees. This question needs considering from two angles. The first is whether the cost would be an allowable expense for business tax purposes; the other is whether it would be...
Making Tax Digital for sole trader businesses and landlords
Making Tax Digital (MTD) for VAT started on 1 April 2019, affecting VAT-registered businesses with...Autumn Budget Summary – key reminders
Welcome to our Autumn Budget Summary. The new Chancellor, Jeremy Hunt, presented his first budget...Mini umbrella company fraud increases
The rise of mini umbrella company fraud continues to concern HRMC which has recently updated...
New data from HMRC reveals the Treasury’s IHT receipts have doubled since 2012/13, the result of a frozen nil rate band and surging inflation. Is IHT a concern for you?
Getting in touch with HMRC isn’t always quick and easy, but it is slowly moving into the 21st century with a new email facility in the near future. But of course, it comes with a few conditions.
The residence nil rate band allows any unused RNRB from the first death of a spouse/partner to be relieved on the death of the second individual.
Whilst HMRC late payment interest rates have been raised six times during 2022, there has been an uplift to the repayment rate on overpaid tax.
New reforms will affect companies claiming tax relief or credits on R&D expenditure for accounting periods beginning on or after 1 April 2023.
Emergency Budget Summary 2022: key points at a glance, what it means for you, your family, your business, and the economy.
