The Chancellor spent the Budget talking about the plans for “Protecting the jobs and livelihoods of the British People - fixing the public finances and building the future economy!” A number of measures have been introduced across direct and indirect taxes,…
Background Our client is a construction company with mixture of employees and sub-contractors. The sub-contractors engaged were a mixture of labour only sub-contractors and sub-contractors engaged with plant and in some instance materials. The company held annual events for staff,…
Deadline to correct mistakes – one week to go! We are now fast approaching the 20 October 2020 deadline for correcting CJRS claims and the scheme itself is coming to an end. HMRC is planning on stepping up compliance activities…
On a recent call to the HMRC Covid-19 Helpline, it transpired that internal HMRC Debt Management and Banking guidance was updated with effect from 1st July. In essence the new guidance states that requests for deferrals of tax debt should…
With businesses starting to re-open and HMRC advising that compliance staff will be returning to their normal duties, it is expected that there will be a surge in HMRC activity over the coming months. Businesses should therefore ensure they are…
A client comes to you with news that they have omitted to return income for some past tax years saying…“Help me, you’re my only hope!” What do you do? Do you tot up all the income for those years, calculate…
When assessing a liability to stamp duty land tax (SDLT) one of the most important questions to answer is whether the transaction involves residential or non-residential property, or a mixture of both. The rates of SDLT differ between residential and…
A few weeks ago I wrote an article entitled ‘ The Sleeping Giant – HMRC and COVID-19’ which warned of HMRC seeking to claw back incorrect claims made and the necessity to keep good records to corroborate any claims made.…
Following on from our first Finance Directors' Update Webinar our panel of experts look at practical support for your business and what lies ahead for the economy and taxes. Chair - Duncan Leslie Employee Taxes - Steve Ashworth VAT -…
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