Changes to simplify the dividend tax process for HMRC could cost small businesses in the long run

Small business owners making the most of the tax-free dividend allowance in the UK have already seen an impact on their savings and the cash available to them, due to a significant reduction that saw... Read more

HMRC Enquiries: meeting up?

A tax return enquiry by HMRC is a possibility for virtually any person who files a return. A common feature of tax return enquiries (especially for business owners) is that HMRC often request a... Read more

IR35 Consultation

The Government have recently issued a consultation document, seeking views on how best to deal with non-compliance with the IR35 rules in the private sector.  Rebecca Cave, contributor to several... Read more

HMRC expects!

Most practitioners will be aware that HMRC’s conduct and service standards are set out in a charter (‘Your Charter’), which is displayed on the GOV.UK website (... Read more

Spurs 2 HMRC 0: Tax on termination payments

Following the First-tier Tribunal decision in HMRC v Tottenham Hotspur Ltd in 2016 concerning termination payments paid to transferring footballers ([2016] UKFTT 389 (TC)), the Upper Tribunal [2017]... Read more

HMRC Information Powers by Mark McLaughlin

Most practitioners will be aware of HMRC’s statutory powers to obtain information and documents from the taxpayer which are reasonably required by HMRC for the purpose of checking the taxpayer’s tax... Read more

Paper tax returns and penalties – Take care when sending documents to HMRC by post.

An article by Mark McLaughlin Read more

Close company participators: The 25% charge

An article by Mark McLaughlin Read more

HMRC enquiries - Undisclosed company profits taxed as loans to participators

It is not uncommon for HMRC enquiries into the business accounts of an individual or company to result in additions to turnover and profits. For example, unexplained lodgements into a private bank... Read more

Small business tax – HMRC’s consultation on simplifying business tax

The Government seems intent on simplifying tax for small businesses. The Office of Tax Simplification (OTS) published three documents in February 2012. One document dealt with HMRC administration,... Read more

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