HomeLatest Posts

Latest Posts

Homes for Ukraine payments to be non-taxable

The government has pledged that the Homes for Ukraine Sponsorship Payment, available to people who open their homes to Ukrainian refugees, will be exempt...

Spring Statement NIC implications for self-employed people

While voluntary class 2 national insurance contributions (NIC) were not affected by the Spring Statement (for the Accounting Practice round-up, click here) changes, class...

HMRC uses new powers to name tax avoidance scheme promoters

HMRC has used its new powers for the first time to 'name and shame' the promoters of two tax avoidance schemes. And the Revenue is warning anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation schemes to leave as...

Playing catch-up with the UK’s dirty money

Syed Rahman, Partner at financial crime experts Rahman Ravelli, runs the rule over the new Economic Crime Act, which came into force in March...

Accountants in HMRC’s sights as MSC probes ramp up

More than a thousand contract workers have been deemed guilty of breaching the Managed Service Company (MSC) legislation by HMRC, which says it is...

HMRC launches £270m evasion crackdown on cabbies and scrap metal dealers

HMRC is targeting taxi drivers, minicab drivers and scrap metal merchants with the introduction of new tax evasion checks. Considered to be high-risk sectors because...

New P87 form now live on government website

From 6 May 2022, people claiming income tax relief on employment expenses must use the standard P87 form, which can now be found on...

HMRC launches 1,062 new tax investigations every day

HMRC has launched 137,000 tax investigations in the six months to December 2021, up 9% from the 126,000 investigations in the same period in 2020.  This amounts...

The Spring Statement – a round-up for accountants

Chancellor Rishi Sunak has promised the biggest cut to the basic rate of income tax in more than 16 years in the eagerly anticipated Spring Statement – but not until...

Employers reminded of April minimum wage rises

Businesses must ensure they comply fully with the increases in national living wage (NLW) and national minimum wage (NMW) rates (see below), which come into effect in April. Steve Talbot, Global Employer...

Sign up to receive the latest news

    The Latest