Latest News

Company car uptake grows by 10,000

The introduction of low tax electric cars has resulted in 960,000 individuals being provided with company cars in 2015/16, up 10,000 (1.05%) on the previous year, according to research from UHY Hacker Young. The popularity of electric cars could be the reason behind this increase in uptake as these vehicles have low tax rates compared to diesel and petrol cars.

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89% of professional services firm report fraud incidents

The financial services sector was the hardest hit by fraud, cyber and security incidents during 2017, while the majority of executives in the professional services industry report their companies had experienced a fraud incident in the past year, according to global research by security consultants Kroll Its report, based on a survey of 540 senior executives in companies where 84%

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Push to encourage take-up of shared parental leave

The government has launched a new ‘Share the Joy’ campaign, promoting shared parental leave rights for parents, after discovering take up of the scheme could be as low as 2% The workplace right for eligible parents allows them to share up to 50 weeks of leave and 37 weeks of pay after having a baby. They can take time off

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Taxpayers with overseas interests must disclose unpaid tax by September

Taxpayers who know or suspect that they have unpaid tax relating to overseas assets, income or activities need to act before the deadline of 30 September 2018 to avoid incurring much higher penalties for non-compliance. HMRC is urging accountants, tax advisers and individual taxpayers to ensure they do not fall foul of the new Requirement to Correct (RTC) rules which

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Making Tax Digital: Entering public beta for Income Tax

HMRC has entered into the public beta testing for the Income Tax service as part of Making Tax Digital (MTD). This is another step towards their ambition to become one of the most digitally advanced tax administrations in the world. Income Tax Public Beta Following the decision last summer to slow the pace of mandation for Income Tax, HMRC has

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FSB highlights small businesses’ lack of awareness over GDPR

With just over two months to go to the deadline, just 8% of small firms have completed their preparations for the introduction of the General Data Protection Regulation (GDPR), according to research by the Federation of Small Businesses (FSB). The FSB says a third (33%) of small businesses have not yet started preparing for GDPR while a further third (35%)

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Facebook, Google and more amazing content at The Business Show 2018

Our friends at The Business Show are once again returning to the ExCeL London on the 16th and 17th of May 2018 with the most exciting and unique business event. The first show of 2018 is bringing a better, bigger Business Show with a new keynote line-up focused on offering you answers on the hottest topics in business & entrepreneurship

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Chancellor’s Spring Statement: a summary

A ‘Tiggerish’ Chancellor Philip Hammond delivered a Spring Statement with few surprises on Wednesday. The good news, he told a packed House of Commons, was that inflation and borrowing are on the way down while economic growth was better than expected and employment figures are on the way up. Economic growth for 2018 will be 1.5%, better than forecast, although

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HMRC Talking Points sessions – March/April 2018

HMRC’s regular Talking Points meetings provide ongoing information, guidance and tips, helping you to understand tax issues. Please find further details of future scheduled online meetings below: New deemed domicile provisions and the tax impact: A high level overview of deemed domicile provisions and the impact of the new reforms for Income Capital Gains Tax and Inheritance Tax. Also high level

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