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VAT on Cold Takeaway Food

VAT on Cold Takeaway Food

I recently had an urgent SOS call from a client named Marco, who runs a pizza takeaway business. I felt like James Bond being called into action on a high-profile mission: ‘Operation Margherita’, so to speak. The business owner was convinced that if one of his...
Tax implications of Tory election win

Tax implications of Tory election win

The 2019 election delivered a resounding victory for the Conservative Party, and the business community, as well as accountants, reacted with demands for an immediate Budget, stability for business and tax reform. The unexpected 77 seat majority, surprised both voters...
Boohoo; HMRC are taxing my freebies

Boohoo; HMRC are taxing my freebies

Over the last three years, HMRC has provided various “interpretations” of the rules for trivial benefits in the last three employer bulletins, as it apparently views those rules as too generous. From 6 April 2016, the government introduced a new exemption for trivial...
VAT Return: HMRC use nudge theory to collect more tax

VAT Return: HMRC use nudge theory to collect more tax

Nudge theory is a concept in behavioural science, which proposes positive reinforcement and indirect suggestions as to ways to influence the behaviour and decision making of groups or individuals. Now HMRC has discovered this new concept and undertook an experiment on...
Tax Free Trivial Benefits

Tax Free Trivial Benefits

HMRC has been conducting a number of so-called ‘webinars’ to advise taxpayers and their accountants of the impact of new legislation, changes in their application of taxes, Brexit provisions, to name but a few. However, a recent HMRC webinar caused hilarity and...