Category: Articles

Whilst daunting, if you know you are going to lose a large customer for reasons other than their insolvency, you will generally have some time to adapt. But this isn’t the case when a customer suddenly goes bust, leaving a large unpaid balance on its account.

It is vitally important that Trustee’s employ good governance. This is more important than ever during the pandemic.

As the UK will no longer be part of the EU community after 31 December, social security agreements with EU countries will be subject to new provisions. Here’s what you need to know.

The Sunday Times front page on 30 August terrified the business world. It claimed Rishi Sunak was planning major tax rises for his November Budget. Though now postponed to next year, could the Budget still present a real challenge? Our Head of Tax, Chris Riley, reports. That headline, ‘Rishi Sunak plans triple tax raid on…

Excluded property trusts have long been a route to inheritance tax (IHT) protection for those who are not UK-domiciled or deemed domiciled.

We plunged into another full lockdown, which looks set to last well into February and possibly beyond.

It’s crucial that business owners recognise the warning signs that their business is in trouble. 

There have been a number of recent judgements from the Court of Justice of the EU (CJEU) concerning early termination fees. These have resulted in a review of HMRC policy which could have a widespread effect across many sectors. One example is to bring payments that allow customers to withdraw from or terminate agreements for…

The extended consultation window has recently closed on the government’s intention to require large businesses to notify HMRC where they have adopted an uncertain tax treatment. It is currently proposed that this will be legislated in Finance Bill 2020-21 and will apply to uncertain tax treatments in returns filed after April 2021. Which businesses will…

With immediate effect from 9 July 2020, payment institutions and electronic money institutions that require having their financial statements audited must now also undertake an annual audit of their compliance with the safeguarding requirements under the Payment Service Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs). What to expect from the safeguarding audit process? …

Take charge of your tax affairs People who own a company and work for themselves often ask what’s the most tax-efficient way to take funds out of the business on a day-to-day basis. For many years, this has come down to a straightforward choice between salaries and dividends – with dividends a clear winner for…

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. New Regulation 1: Senior Accounting Officer Regulations Affected businesses may be required to appoint a Senior Accounting Officer (SAO) who…