Specialist Tax News

New single compliance process

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There seem to be a never ending stream of initiatives from HMRC relating to how they handle tax enquiries where (rightly or wrongly) they consider that something needs explaining. The last thing we want to do is worry you unnecessarily, as we will always try to minimise the chances of an enquiry into any aspect […]

Specialist Tax News

Remittance Basis

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If you are not domiciled in the UK you will be well aware that basically overseas income and gains are not taxed in the UK if they are not actually remitted to the UK, unless you have been UK tax resident for at least 7 out of the last 9 tax years in which case […]

Specialist Tax News

VAT Defaulters

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If you know of any trader who should be VAT registered but is not for some reason, please do both them and us a favour by suggesting they meet us for an informal chat. That is not meant to sound ominous – the point is that HMRC have just launched a campaign to target what […]

Specialist Tax News

LISS

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This is not just a pleasant country town in Hampshire – it also stands for Litigation and Settlements Strategy and has just been re-launched by HMRC. There are mixed messages in this strategy. For example it tries to assure us all that where there is a dispute about the amount of tax due but HMRC […]

Business News

Students urged to save on summer job tax

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Students are being reminded that they may not have to pay any tax on the money they make from summer jobs. Many college and university students take on temporary work over the summer to earn extra cash but HM Revenue & Customs (HMRC) says that they may not know that – provided their total earnings […]

Business News

Conciliation service helps to head off more tribunals

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Conciliation service Acas helped to prevent more than 13,000 workplace disputes between individuals and their employers from reaching an employment tribunal, its latest annual report has shown. The report for 2010-2011, issued on 28 July, revealed that Acas dealt with almost 18,000 such disputes – 80 per cent up on the previous year – through […]

Business News

Businesses offered advice on reducing risk abroad

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A new service has been launched to help UK companies learn about the security and business risks in 90 markets when working abroad. The Overseas Business Risk service is particularly aimed at giving SMEs the information they need to help them do business abroad safely and successfully. Overseas Business Risk, launched on 12 July, is […]

Business News

UK leads on foreign investment

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A new report has shown that the UK is the top destination for foreign direct investment in Europe and the third worldwide. The World Investment Report, published on 26 July by the United Nations Conference on Trade and Development (UNCTAD), said the stock of foreign direct investment (FDI) in the UK was $US 1,086 billion […]

Business News

Retail rules to be relaxed in Red Tape Challenge victory

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Retailers’ lives are set to be made easier after the government said more than 160 regulations would be simplified or scrapped in the first changes to be introduced through its Red Tape Challenge. The first wave of reforms, announced by Business Secretary Vince Cable on 28 July, is set to benefit shops and consumers. Comments […]