Ahead of Britain’s upcoming departure from the European Union (EU), HM Revenue & Customs (HMRC) is warning businesses about the necessary steps they need to take to prepare for the…
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The importance of executive screening
A guest article by Harrow Health Care Centre Summer holidays are a great time for reflection and review, it’s often an opportunity to make resolutions and focus a bit on…
Are your tax affairs in order?
As we begin to approach the self-assessment deadline once again, now is the perfect time to consider whether you are paying the right amount of tax. The UK offers a…
National Living Wage to rise in April 2019
In his latest Budget speech to the Commons, Chancellor Philip Hammond announced that the National Living Wage and National Minimum Wage would increase from April next year. However, despite many…
Entrepreneurs’ Relief rules to be tightened
Despite rumours that the Chancellor might scrap Entrepreneurs’ Relief (ER) all together in the Autumn Budget, Philip Hammond decided to retain the tax relief but has made fundamental changes to…
Research reveals Inheritance Tax hotspots across the UK
New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT). The study showed that 658 estates were subject…
R&D Tax Credit system to be reviewed in light of fraudulent claims
According to figures released in the Autumn Budget, HM Revenue & Customs (HMRC) has prevented around £300 million of fraudulent R&D tax credit claims since the relief was introduced. In…
HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error
The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework as many as 30,000 self-assessment tax returns that were filed…
Payee names to be required for bank transfers in effort to combat fraud and errors
From next year, payee names will be checked when making bank transfers in order to ensure that funds are being sent to the correct recipient. Currently, only the sort code…
Public pilot of Making Tax Digital for VAT opens
HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT. The pilot is open to sole traders and companies that are up-to-date with…
