With the World Cup imminent, many work places will be hosting football-themed parties for their staff this summer. ICAEW is reminding employers that these parties can potentially be tax-free this…
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Much has already been said about the powers that HMRC is seeking to collect overdue tax debts directly from people’s bank accounts. The Budget Red Book says that HMRC will only…
Tax free employee loans. Could this tax break become a new form of payday loan? We have recently published our advice update on loans to employees and directors which…
This month, we look at the UK businesses who are forgetting to invoice and find that it could be costing up to £3.7 billion in lost revenue. We ask how…
Legislation has just passed through Parliament which allows the use of ‘simplified’ fixed rate adjustments to the profit figure used to calculate income tax liabilities. The use of fixed rate…
If you are among the half a million people who still haven’t sent their 2010/11 tax returns to HM Revenue & Customs (HMRC), you will receive an additional penalty letter…
