IR35 reforms delayed by a year
Changes to IR35 have been delayed for a year while the UK tries to get to grips with the impact Coronavirus is having. The reforms were due to come into effect from 6 April 2020 and would have seen the responsibility for determining the employment status of a worker... read more
Don’t leave the cost of an HMRC enquiry to chance
Ensure you are protected. The tax yield from individuals was up £2.4billion in 2018/19. HMRC saw an 80% increase in tax receipts from high net worth individuals in the last tax year – and only spent an additional 2.5% on compliance activity to recover it. HMRC... read more
Everything you need to know about the tax implications of providing company cars
Providing a company car is a fantastic benefit for employees and can really help businesses to attract and retain great staff. The downside however is that this perk isn’t necessarily tax-free. It may also be liable for PAYE because HMRC considers the private use of a... read more
Everything you need to know about research and development tax credits
The UK’s tax system is complicated and many people find research and development (R&D) tax credits especially tricky to understand. This is partly because what actually counts as R&D is judged on a case-by-case basis against criteria that can seem almost... read more