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Blogs from Larking Gowen

Income tax: Making Tax Digital proposed changes

Wednesday, 1 September 2021

Lizzy Lloyd looks at HMRC’s proposals, in preparation for Making Tax Digital, to change the way that partnerships and individuals are taxed under self-assessment and discusses the potential effects of the changes.

HMRC investigations up 36%

Friday, 27 August 2021

HMRC opened 102,000 investigations into taxpayers in the first quarter of 2021 – up 36% from 75,000 in the previous quarter. Sally discusses the implications of this and how business owners can protect themselves against an HMRC investigation.

SRA Accounts Rules

Wednesday, 18 August 2021

As we approach the second anniversary of the SRA Rules, is it time to consider your systems and whether they embrace the new rules?

National Minimum Wage: A reminder for employers, students and seasonal staff

Tuesday, 10 August 2021

Tessa Brown reminds employers, students and seasonal staff to check that National Minimum Wage is paid correctly, following a recent campaign by HMRC.

Tax relief on farming – HMRC lose the argument

Thursday, 5 August 2021

Laura Howes discusses tax relief on farming and agricultural buildings and the recent case lost by HMRC.

Thousands of farmers may soon find their tax affairs much more complicated in the shift towards Making Tax Digital

Wednesday, 28 July 2021

Alison Smith discusses the most recent announcement about the transition towards Making Tax Digital (MTD) and the likely additional complications (and extra tax charges) on the horizon for many farming businesses.

Partnership - What is the difference between a GP’s drawings and profit?

Friday, 23 July 2021

The first thing you need to understand is that there’s no legal difference between you and your business. Legally, you and your partners are the business.

IR35 workers and statutory payments

Friday, 23 July 2021

HMRC have recently issued some clarification on IR35 workers entitlement to statutory payments.

Pros & cons of becoming a company in the medical sector

Friday, 25 June 2021

George explores the pros and cons of the incorporation of a healthcare business.

What does the future hold for the Patent Box?

Wednesday, 23 June 2021

The Patent Box regime offers a 10% rate of corporation tax in the UK, on profits derived from patents. However, complex rules have put many off claiming. With a 25% rate of corporation tax on the horizon, is now the time to consider this tax relief?

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