Insights

In the same way that businesses generate revenue projections to help them plan for the future, HMRC adopts a projected income approach…

Probate is one of the aspects of dealing with a deceased’s estate that is particularly confusing. We are asked a lot of…

Any taxpayers that only receive their income through PAYE and who are earning between £100,000 and £150,000 will no longer be legally…

We always try to stay vigilant and warn readers about scams and fake emails. A new one has been doing the rounds,…

HMRC has been using nudge letters to prod taxpayers who they believe could have either underpaid tax or made a mistake on…

Previously, some smaller SME businesses with annual sales of less than £150,000 have found the flat rate VAT scheme beneficial and regarded…

Making a mistake on your tax return can create significant problems if it’s not addressed properly. In the eyes of HMRC, every…

The government has made changes to the R&D tax relief legislation in recent Budgets. The changes have been introduced to reduce tax…

The Construction Industry Scheme (CIS) rules are known for being complex and burdensome,  so a new consultation launched by HMRC to try…

Corporation tax was increased to 25% on 1 April 2023 and this change, together with previous changes to the way dividends are…

Changes to the taxation of buy-to-let property, such as the reduction in mortgage interest relief and the increase in stamp duty, have…

The Treasury recently undertook a consultation on its proposals to review R&D tax credits and intends to merge the current RDEC (large…

Currently one of the fastest growing sources of revenue for the Treasury is inheritance tax which generated £7.1bn in the 2022-23 financial…

It is now mandatory to submit P11Ds and P11D(b)s online and has been since 6 April 2023. This is another part of…

Selling shares in a company to a third party as an exit strategy has become slightly more challenging in recent years, firstly…