The tax reliefs and implications of giving gifts at Christmas

‘Tis the season of goodwill to all, and at LWA we’re giving you all the information you need on the tax benefits and implications that apply to giving gifts to your employees and to your family over... Read more

New Penalty Regime - Overview

The new penalty regime replaces instant late filing penalties and aligns the VAT and income tax penalty regimes. The legislation allows HMRC to issue penalty points if returns are submitted late.... Read more

R&D Tax Relief to Come Under Increased Scrutiny from HMRC

In August, the Office of National Statistics (ONS) announced that the UK spent £38.5 billion on research and development activities in 2019, with the business sector making up 67% of this... Read more

Overpayment relief - late claims

Overpayment relief is a claim to be made if a taxpayer realises they have overpaid their tax. The time limit for claiming overpayment relief is four years from the end of the tax year to which the... Read more

Fifth and final sef-employed income support grant to be paid from late July

Please see our blog below for details of claiming the last Self-Employed Income Support Scheme (SEISS) grant which covers the period from May 2021 to September 2021 and will be claimable from late... Read more

Tax-free Childcare Account subsidies to help cover summer camp costs

Working parents wondering how to juggle childcare as the school summer holidays approach will be pleased to learn about increased subsidies by the Government as part of the new Tax-free Childcare... Read more

Penalties: Legislation vs HMRC policy

You will probably be aware that penalties for an inaccurate return vary depending on the “behaviour” that led to the tax loss. The “behaviour” is split into three different categories – reasonable... Read more

Discovery assessments: Supreme Court pronounces on staleness and deliberate inaccuracy

The Supreme Court has released its eagerly awaited judgment in HMRC v Tooth [2021] UKSC 17. In doing so it has handed down its authoritative interpretation of the law on discovery assessments and... Read more

HMRC Charter 2020: Better than before?

The Cambridge English Dictionary defines a charter as ‘a formal statement of the rights of a country's people, or of an organization or a particular social group, that is agreed by or demanded from a... Read more

Withdrawal of gross payment status was ‘disproportionate’

In an interesting First-tier Tribunal case, a judge has found that HMRC’s action in withdrawing gross payment status from a construction company eight years after its offence, when it had been... Read more

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