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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...
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...
Please Mr Taxman pick up the ‘phone

Please Mr Taxman pick up the ‘phone

Accountants and their representative bodies have labelled the performance of HMRC’s VAT helpline ‘extremely worrying’ after the Revenue failed to answer nearly 60% of calls in May. Figures recently released by the tax authority show that in May 2019, HMRC answered...