Client Newsletter

Ensuring your tax affairs are all in order

Posted on

HM Revenue and Customs (HMRC) have recently published figures showing that they have recovered £23.9 billion in additional tax revenue over the last year as the result of increased activity to ensure that people pay the taxes they owe. This signals that HMRC are willing to make every effort to pursue those who attempt to […]

Press Room

Worker urged to take action on tax bills

Posted on

British workers celebrated Tax Freedom Day on 28 May, the day on which they stop paying everything they earn to the taxman and start earning for themselves. The date – which came three days earlier than in 2013 – is calculated annually by the Adam Smith Institute by adding up all the taxes paid by […]

Press Room

Insurance payouts add up to £3bn

Posted on

New figures from the body that represents the UK’s insurance industry have highlighted the importance of cover in helping individuals and families cope with the financial difficulties arising as a result of a death, serious illness or injury. The Association of British Insurers (ABI) published figures on 27 May showing that in 2013, £3.1 billion was […]

Business News

Late payments to smaller businesses on the increase

Posted on

According to a recent survey by the Forum of Private Business (FPB) almost one in four smaller businesses experienced an increase in the number of late payments during 2013. Approximately a third of businesses surveyed reported an increase in the average number of days beyond the payment deadline that payments were made. FPB Chief Executive […]

Business News

Proposed new rules for easier prosecution of offshore tax evaders

Posted on

The government will consult on plans to introduce a new strict liability criminal offence for individuals who hide their money offshore. HMRC would no longer need to prove that individuals who have undeclared income offshore intended to evade tax, in order for the offence to be a criminal conviction. Currently HMRC have to demonstrate that […]

Business News

VAT update and fuel scale charges

Posted on

HMRC have issued guidance on a number of VAT changes including confirmation of the updated VAT Fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2014. Please do get in touch for further advice on VAT matters. Internet link: VAT update  VAT fuel […]

Business News

Icebreaker tax avoidance scheme rejected by HMRC

Posted on

In a high profile decision HMRC has won a case in which the Icebreaker partnership schemes were shut down, after the tribunal ruled it was set up to shelter more than £120m in tax. The wealthy members of the scheme, which included Gary Barlow and two of his former Take That band mates, claimed to be […]

Business News

Shared Parental Leave

Posted on

The current system of statutory pay and leave entitlements for employed parents is to be reformed for babies due (or adopted children placed) on or after 5 April 2015. The following guidance in contained in the lengthy Employer Bulletin so we have reproduced it in full. The Government is reforming the statutory pay and leave […]