From 13th November, businesses and agents must register for VAT online as part of HMRC’s Making Tax Digital strategy. In this article, Mike Block, VAT…
Today is National Authors Day, an opportunity to celebrate talented writers across the country that have helped to shape our lives with the stories that…
The deadline for individuals choosing to complete their self-assessment via post means you have until the 31st October (aka Halloween) for HMRC to receive all…
The Institute for Fiscal Studies estimated that the average cost of private school fees across the UK in 2022/2023 was £15,200. This marks an increase…
Today HMRC announced that it has collected £3.2 billion in Inheritance Tax (IHT) between April and August 2023, which represents a £0.3 billion year on…
As a sportsperson, travelling the world and competing from different global locations is an exciting endeavour. If you’re a non-UK resident sportsperson, you should be…
You might wonder why you would ever need to value your business, but the circumstances arise more often than you might think. Exit strategy/selling your…
Buying a business is a big decision, whether it’s a first-time acquisition or part of an existing growth strategy. However, the journey from finding a…
Data published by HMRC today reveals that Inheritance Tax (IHT) receipts for April 2023 to July 2023 totalled £270.2 billion, representing a £17.3 billion increase…
From April 2023 until the end of March 2026, companies can claim 100% capital allowances on qualifying investments through the full expensing relief. Andrew Tall,…
The UK’s response to the Russia-Ukraine War has seen a significant increase in additions to the UK’s Sanctions List. Tamara Howe, Director of Financial Crime…
From the 8 August 2023, all businesses claiming R&D tax relief or expenditure credit will be required to submit an additional information form through HMRC’s…
Over the past three years, the Covid-19 pandemic resulted in significant disturbances to the world economy, with the aftershocks resulting in supply chain issues, inflation,…
Despite the recent increase, the UK’s Corporation Tax rates remain competitive when compared to other jurisdictions. As a result, this is helping the UK to…
HMRC’s Trust Registration Service (TRS) is an online register of the beneficial ownership of assets held in trusts. Since the 6th October 2020, all expressly…
We recently joined an expert webinar with The WealthiHer Network, focusing on the topic of property investment and securing your financial future. A line-up of…
The Higher Education Policy Institute has published the first holistic picture of small and special-focus universities in Size is Everything: What small, specialist and practice-based…
An individual’s eligibility for the UK State Pension is based on the number of ‘qualifying years’ they have on their national insurance records. However, sometimes…
UK has been accepted into an Indo-Pacific trade bloc in what the government says is its biggest trade deal since Brexit. The Comprehensive and Progressive…
Many taxpayers who receive income gross (without the deduction of tax) are required to make payments on account towards their following year tax liabilities e.g.…
The Chancellor, Jeremy Hunt, is preparing to deliver his spring budget next week, his second statement since taking the job. While few significant tax changes…
The aim of this year’s International Women’s Day #EmbraceEquity campaign theme is to get the world talking about why equal opportunities aren’t enough. At HW…
Following the Prime Minister’s newly announced trade deal with Northern Ireland, Gerry Myton, Head of Indirect Tax at accountancy firm HW Fisher, shares a summary…
We recently held a webinar on tax issues affecting the Not for Profit sector. This covered important issues on guidance and policy changes relating to…
More than 11.7m taxpayers filed their tax returns before the 31st January 2023. However HMRC has revealed that more than 600,000 taxpayers missed the deadline.…
For National Apprenticeship Week, we’re celebrating the achievement of our apprentices’ past and present and the positive impact they make to our firm. Our well-respected…
With the cost-of-living crisis hitting home for everyone, more people are looking for new ways to generate income. From taking in lodgers to renting parking…
The chancellor Jeremy Hunt is planning a series of stealth tax rises, among other tax rises and spending cuts, that will force small businesses to pay…
Many predict that the Chancellor will shake up tax rules on dividend payments. Tim Walford-Fitzgerald comments on the predictions: “Fiscal drag is a term that…
HMRC is replacing Customs Handling of Import and Export Freight (CHIEF) system with the Customs Declaration Service (CDS). The shutdown of CHIEF will be done…
With the festive season fast approaching, it’s time to start planning your Christmas celebrations. Last year the pandemic forced many businesses to cancel their Christmas…
We were delighted to be joined by Will Lifford, Board Member at the Charity Commission, at our recent Charity Trustee Roundtable where the group discussion…
Article written by Marc Brinklow, Trust Manager As a quick recap, the Trust Registration Service (“TRS”) is an online system managed by HMRC, which requires…
Borrowing money is often attached to a host of financial complexities, and there are various questions you should be asking before entering a loan agreement.…
The Chancellor has reversed almost all measures announced in September’s “mini budget”. Summary of changes: The basic rate of income tax will remain at 20p…
A guest article from Dean Rogers, Executive Director of Industrial Strategy and Member Relations, The Society of Radiographers. Some problems look insurmountable, but we can’t…
The new Chancellor has announced his ‘mini-budget’, setting out the Government’s economic policy to combat the cost of living crisis and recession affecting business and…
Commentary on National Insurance from Stevie Heafford “As predicted, the new Chancellor has reversed the 1.25% rise in National Insurance Contributions originally introduced by Rishi…
Article written by Daniel Tomassen, Senior Manager of the Private Client Department. The Office for National Statistics put the rate of inflation in the UK…
Whilst international travel has now resumed to a level of normality, the various travel restrictions implemented during the Covid pandemic will have a long-lasting effect.…
At our recent University Chair of Audit Committee roundtable, we were joined by Professor Susan Lea, former Vice Chancellor at the University of Hull where…
HMRC’s ‘nudge letters’ are specifically worded letters to prompt a response from the recipient. In a previous article, we outlined what you need to know…
(UPDATED AUGUST 2022) In September, the Trust Registration Service (TRS) finally opened for the registration of non-taxable trusts. As a quick recap, the regulations were…
The UK property market has seen significant changes since the start of the calendar year with new regulations and macroeconomic factors bringing a variety of…
Coming into effect from September 2022, HMRC have announced that they will be changing the way they carry out VAT assessments for overseas traders who…
During the pandemic years, the world of cryptocurrencies and digital investments reached dizzying new heights in both popularity and monetary value. Everyone from serial entrepreneurs…
The travel industry has faced turmoil this summer, with baggage claims flooding airports, strikes, and miles-long lines at the port of Dover with people making…
Divorcing couples are now given more time to transfer assets under “No Gain/ No Loss” rules The Government have recently announced proposals to change the…
Financial statements look at historical information, thus rising inflation can quickly make the information contained in them increasingly irrelevant. It is, therefore, even more important…
Calling all property investors – lessons learnt from the Haymarket Media Group Limited v HMRC [2022] case Calling all property investors/developers – the recent First…
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