Tax investigations – how does HMRC conduct them?
HMRC recently announced that they will be able to enforce new powers when it comes to investigating companies they suspect of evading taxes. Tax investigations can be worrying, even if you’ve done everything by the book. Understanding the process can help you and... read more
National Insurance threshold increases to £12,570
The threshold at which workers start to pay National Insurance contributions (NICs) will increase to £12,570 this month. This is the largest increase in a basic rate threshold, and it means that workers will be able to earn an extra £2,690 before having to pay NICs.... read more
Updated EIS guidance offers tax breaks for company investors
HMRC has recently updated their Enterprise Investment Scheme – EIS guidance and Seed EIS rules. The outcomes is that investors will potentially be able to take advantage of a number of generous tax breaks. This is fantastic news for companies who are looking to... read more
Penalties for overclaimed SEISS grants
HMRC has updated their guidance which sets out the procedure for reporting and repaying overclaimed SEISS Grants (Self-Employed Income Support Scheme). The Revenue is also reminding sole traders and partners who have received these grants, that there are potential... read more
