Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
HMRC has not fined any enabler of offshore tax fraud in the past five years, despite possessing landmark powers to impose significant penalties. Critics argue these…
Adrian Chiles, BBC and ITV presenter, faces a £1.7m tax bill after losing an appeal with HMRC regarding his employment status. The 10-year legal battle centres…
Wealthy families are fast-tracking estate transfers to their children amid concerns over potential inheritance tax changes under a Labour government.
Rishi Sunak's decision to call an early election has cast uncertainty over key City reform efforts, including the British ISA and the Pisces private market initiative.
After losing twice in the long-running ‘mega marshmallows’ tax case, HMRC seeks permission to file another appeal, continuing its argument that the product should be standard…
Former Chancellor Nadhim Zahawi has confirmed to the BBC that he paid nearly £5 million to authorities to settle his tax affairs.
In a flavorful victory, Innovative Bites Ltd, a food company, has emerged triumphant against the UK tax authorities, securing a ruling that exempts its "Mega Marshmallows"…
The latest figures from HM Revenue and Customs (HMRC) show that inheritance tax receipts increased to £7.5 billion from March 2023 to April 2024, the highest…
Five years after HMRC appealed an IR35 case defeat carrying £243,324 in tax liability, judges have instructed this long-running saga to be reheard despite the work…
When considering possible exit routes for your business, selling to an Employee Ownership Trust (EOT) can have several benefits, but a word of caution, this is…
Owen Hewitt, a trainee chartered accountant at haysmacintyre, finds himself amidst a unique cohort of accountants poised to integrate artificial intelligence (AI) into their daily routines…
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HM Revenue & Customs.
Who and what data you trust in business is important and increasingly audits are being used to provide confirmation of the facts – whether to shareholders,…
The British Isa, proposed by Chancellor Jeremy Hunt, aims to encourage investment in UK-focused assets by offering an additional £5,000 allowance on top of the existing…
The Chancellor, Jeremy Hunt’s 2% National Insurance (‘NIC’) cut may not be as generous as he proclaimed at last week’s Spring Budget, say leading tax and…