Insights

Important for business – and even more important to get right Your business may already have a Partial Exemption Special Method (PESM) in place. But could you recover VAT even more efficiently and beneficially? And could now be the time to review your…

Shares and securities reporting is complex, not least due to the wide variety of circumstances that are deemed to be chargeable or reportable. So what are the rules regarding the registration, event reporting and online filing of Employment Related Securities returns with HMRC?…

Make sure you’re home and dry when it comes to residential property tax. Any company which owns residential properties could be affected by what could be considered as a form of mansion tax – also known as UK Annual Tax on Enveloped Dwellings…

Expenses and benefits can be more expensive than you think. Staying on top of expenses and benefits can be a big headache for a business. All the more so if they get out of hand and management suddenly gets landed with unexpectedly high…

Now you can tax company benefits manually through PAYE – discover the advantages of taxing benefits in kind yourself including avoiding  hidden tax bills and overpaying. Since April 2016, the government has allowed companies to voluntarily tax their employees’ benefits in kind. So…

Large businesses trading in the UK are now required to comply with three new regulations affecting their tax planning and strategy. These measures affect the reporting of all UK taxation matters, including VAT and PAYE. Affected businesses may be required to appoint a…

From 6 April 2017 the taxation of cash or benefit agreements changed but speaking with clients it is clear that these rules are often not fully understood, or worse that employers are unaware of the new rules entirely! In general terms, if an…

The government-backed change in the VAT treatment of certain digital publications from standard to zero rated has been brought forward from 1 December 2020 to 1 May 2020. A recent ruling in the Upper Tribunal could open the door to publishers of digital…

Some financial statement items cannot be measured precisely but can only be estimated. This is called an accounting estimate. These accounting estimates come in all shapes and sizes and the overarching goal can vary between forecasting the outcome of an event to estimating…

The government has introduced a number of measures over the past few years to improve compliance and behaviour by UK businesses in relation to taxation. Chris Riley looks at three such initiatives. Finance teams have had to get used to more onerous compliance…