Implications of Rangers on settlements
HMRC has now set out its view on the unanimous decision by the Supreme Court on the disguised remuneration tax avoidance schemes used by Rangers Football Club which has implications for other taxpayers.
Latest News
Stop facilitating tax evasion or face criminal prosecution
As of this month new rules have been introduced by HMRC which means that businesses could be prosecuted if their staff facilitate tax evasion.
The end of the tax return as we know it?
HMRC has announced that it’s introducing a new Simple Assessment as a new way of collecting tax which should make life easier for millions of taxpayers who have had to provide an annual Self Assessment in the past.
How R&D tax claim benefited Nottinghamshire company
Read how we worked with a Nottinghamshire tech development company to help them claim over £30k in R&D tax relief for their innovative work.
Tax guidance for foreign entertainers and sportspeople updated
HMRC has updated guidance its on UK tax for foreign entertainers or sports persons. It explains how to apply reduced rate of withholding tax, and work out the tax due on worldwide earnings.
How downsizing, selling or gifting a home affects additional Inheritance Tax threshold
HMRC has published a guide which enables you to check if an estate can get the extra Inheritance Tax threshold when someone downsizes, gifts or sells their home before they die.
Reimbursed expenses for R&D Tax Relief purposes – have you under claimed?
There is now a limited window of opportunity to revisit and increase R&D tax relief claims for reimbursed travel and subsistence costs originally excluded. Claiming for costs borne by employees that are subsequently reimbursed by an employer appears to have been causing some confusion amongst advisers and HMRC alike over recent years. In seeking to […]
HMRC guidance on corporate responsibility for tackling tax evasion
HMRC has published guidance on the corporate offences for failure to prevent criminal facilitation of tax evasion. It makes relevant bodies criminally liable if they fail to prevent those who act for, or on their behalf, from criminally facilitating tax evasion
Staircase Tax hits small businesses
Up to 30,000 small businesses face large rates increases under a new “Staircase Tax” that treats different floors in the same building as separate premises following changes by the Valuation Office Agency (VOA).
HMRC image rights guidance
Following criticism of footballers and their agents in relation to the paying of tax on payments received for use of image rights, including payments made to an image rights company, HMRC has issued new guidance.