Insights

Corporate Tax

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December 8, 2023

Do you undertake adequate due diligence on your labour supply chain?


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HMRC are continuing to crack down on suspected fraud in labour supply chains. Labour supply chain due diligence is critical to avoid being liable for unpaid taxes, National Insurance contributions, fines and penalties.

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December 4, 2023

Updated tax guidance for electric company car charging


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HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge their electric company cars at home. Previously, HMRC maintained that the relevant exemption did not apply.

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November 27, 2023

VAT registration goes online only


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HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only. Any business unable to use the online registration service will have to call HMRC’s VAT helpline to obtain a paper registration form.

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November 17, 2023

Why am I paying Corporation Tax at 26.5% and what can I do about it?


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Corporation Tax rates for limited companies have changed, notably for those companies with taxable profit in excess of £50,000.

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October 13, 2023

VAT and holding companies


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Here’s a basic understanding of what constitutes a holding company and what needs to be considered if you want to recover VAT in a holding company.

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October 2, 2023

Don’t get caught in the VAT penalties net


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Many VAT-registered businesses still find VAT too complex. No surprise then that more businesses than ever are getting hit with penalties for inaccuracies.

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September 29, 2023

Corporation Tax: Associated companies quarterly installments & payments on account


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The new Corporation Tax rates, quarterly instalment payment regime and associated tax rules are complex and require careful consideration to ensure compliance.

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September 25, 2023

Fraud countermeasure drives R&D tax relief changes


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The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure.

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August 18, 2023

Corporate tax planning and why it is important to your business


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Corporate tax can be a minefield of changing regulations, with new rules each tax year. Getting the right corporate tax planning advice can make a huge difference to your profits and the growth of your company.

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August 7, 2023

Tax gap at all-time low


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For 2021/22, the gap was at an all-time low of 4.8% (or £35.8 billion), although in monetary terms the gap increased by some £7 billion from 2020/21.

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July 31, 2023

Businesses failing to pay minimum wage


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Just over 200 businesses – including some of the country’s best-known retailers ­– have failed to pay the minimum wage.

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July 24, 2023

HMRC offers options on undeclared wealth


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HMRC is offering taxpayers named in the leaked Pandora Papers a chance to correct their tax affairs.

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