Tax News

HMRC Threaten Investigation Over Disguised Remuneration SchemesNovember 5, 2019

Sometimes, it is difficult to understand why many people don't seem to put as much effort into making profits as they do into trying to...

Ripped Off By a Crooked Employee? You May Be Entitled to Tax ReliefOctober 6, 2019

Losing money at the hands of a crooked employee is a sadly familiar experience for many businesses, but what are the tax consequences of such...

HMRC Errors Lead to Loss of TaxAugust 13, 2019

Although getting one's tax return right is to be recommended, there are many grey areas in tax and, when HM Revenue and Customs (HMRC) make...

Enabling Tax Non-ComplianceJuly 29, 2019

There are hundreds of thousands of companies in tax havens and the true commercial value added by them is probably trivial, whereas the tax avoided...

Disguised Remuneration Clarification By HMRCJune 26, 2019

An attack by HM Revenue and Customs (HMRC) on 'disguised remuneration' schemes, wherein a director of a company takes money out of the company in...

Company Can Reclaim VAT on Director’s Legal BillsMay 30, 2019

Companies understandably may wish to provide financial as well as moral support to their directors if they are facing litigation. However, the issue of whether...

Company Director Banned for Ignoring Obligation to Pay TaxMay 12, 2019

Directors of struggling companies all too often place payment of tax at the bottom of their priority lists, with the result that it is the...

Digital Filing – Bar Set High for Opt-OutMarch 12, 2019

The 'making tax digital' project will require VAT-registered businesses to submit their VAT returns online from 1 April 2019 and to use accounting software that...

Does Your Business Owe the Tax Man?February 21, 2019

If your business is struggling to meet VAT and other tax payments on time, take advice quickly. The decision by the Government to restore 'Crown...

Does a Director Need to File a Tax Return?February 1, 2019

There is a widespread belief that every UK company director has to file a tax return. Indeed, the Government's own website suggests that being a...

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