HMRC did not collect 5.6% of the tax revenue due for 2017/18 according to its annual report on the tax gap. And the biggest increase in shortfall was from smaller... read more →
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Around 6,000 parents have had their penalties cancelled for failure to notify HMRC that they were liable for the high income child benefit charge (HICBC). This is unlikely to be... read more →
New rules come into force in October for VAT-registered firms reporting under the Construction Industry Scheme (CIS) as part of HMRC’s attempt to tackle fraud in the industry. What is... read more →
Small retailers in England should now be enjoying 33% off their business rates bills. However, businesses need to check their accounts as some councils are not giving the discount automatically.... read more →
Most employers are aware that they can throw a staff party for their employees at a cost of up to £150 per head without this being treated as a taxable... read more →
Investors’ relief, effectively an extension of entrepreneurs’ relief for external investors, is now only available for disposals made during 2019/20 because of a three-year holding period requirement. Like entrepreneurs’ relief,... read more →
As people are living longer, a parallel older-age profile is emerging in the labour force. Labour market statistics for the period December 2018 to February 2019 revealed some impressive results.... read more →
The phrase ‘define your terms’ could have been invented for the benefit-in-kind rules around company cars. A recent case that ended up in the Upper Tribunal between Coca-Cola and HMRC... read more →
It may have come as a surprise to realise that until this April, not all workers were entitled to a payslip. From 6 April, all workers now have a statutory... read more →
Rotherham accountancy practice Haywood & Co, have merged with Sheffield headquartered Chartered Accountants Sutton McGrath Hartley (SMH) in a deal backed by Allied Irish Bank (GB). The merger took place... read more →
