News
Professionals call on Treasury not to lower VAT threshold before MTD and Brexit
05 July 2018
The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the implementation of Making Tax Digital (MTD) and Brexit.
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Small businesses say the Government should simplify business rates
05 July 2018
A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small businesses questioned said business rates should be simpler and have a greater degree of flexibility.
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UK’s tax gap continues to fall
05 July 2018
Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall.
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Gifts out of income and their benefits to beneficiaries
14 June 2018
Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice?
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Employers attempting to avoid auto-enrolment penalties could have assets seized
14 June 2018
The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace pension fines.
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Twice as many workers receiving back pay through National Minimum Wage enforcement
14 June 2018
According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation has more than doubled.
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Government Brexit redeployments to delay Making Tax Digital for Individuals
14 June 2018
A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital for Individuals.
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Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank
14 June 2018
With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board when it comes to taxing bequests and inheritances.
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Ministers make an about-turn on tax haven transparency measures
14 June 2018
In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens.
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Vigilance urged as fraudsters fake security measures to access bank accounts
14 June 2018
Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed to access and drain bank accounts of funds.
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Case Studies
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Cut above the rest in personal management style
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Smiles all round for dental practice
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Customer care is top of the list for packaging business
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A modern approach required for music moguls
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Taxing demands with old school charm
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Child's play with proactive accounts management
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A taste for growth, a thirst for knowledge
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A shared passion for architecture and a head for numbers
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Sometimes a business does exactly as it says on the tin