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 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.
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.
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.
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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