HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a spouses wages in arriving at the profits of her husband’s business. The judge agreed
HMRC have recently updated their toolkit dealing with reporting employee expenses and benefits in the light of significant recent changes in this area. HMRC toolkits are designed to help minimise the risk
Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system
Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D tax credit relief
A PAYE and NICs avoidance scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case. Such schemes
In order for an expense to be tax deductible against business profits it must be incurred “wholly and exclusively” for the purposes of the trade. In a recent tax case a hotel
The Enterprise Investment Scheme (EIS) is designed for smaller, higher-risk trading companies to raise and build finances by offering tax relief to prospective investors. Such incentives are intended to counterweigh some of
HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this
Legislation to introduce Making Tax Digital (MTD) will be included in the Finance Bill 2017 and despite many objections that it was too soon, the new system of quarterly reporting will commence
Where additional tax is payable as the result of an HMRC enquiry and it is shown that the additional tax is due to poor accounting records, the maximum penalty that can be
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