-
HMRC “Big Brother” really is watching you!
The lengths that HMRC will go to in its quest to catch-out tax evaders seemingly knows no bounds with the disclosure that Inland Revenue Inspectors are embracing technology with the phrase “desktop review” taking on a new meaning. It has been revealed that HMRC officers are increasingly using Google’s Street View application as a monitoring…
-
Autumn Statement 2013
In a surprise move the Chancellor moved his autumn statement from the usual Wednesday to a Thursday. Starting with a note of caution on the economy, he was quick to highlight some of the recent successes such as falling unemployment and positive revisions to growth forecasts. Once again the Chancellor re-emphasised his commitment to tackling…
-
Deduction for loans against Inheritance Tax
Debts of a person’s estate are generally deductible for Inheritance Tax (IHT) purposes, although there are some circumstances where specific debts cannot be deducted such as where the deceased had previously made a gift to the person who made the loan. Following this year’s Finance Act, which became law this summer, there are several changes…
-
Discounted Business Rates Avaialable
On 1st November 2013 Nuneaton and Bedworth Borough Council launched a new policy to award discounts on business rates in certain circumstances with a saving of up to £130,000 over 3 years. The overall aim is to increase income for businesses and create jobs for local people by encouraging more businesses to relocate or expand…
-
Racing Tipster barred by bookmakers wins VAT Tribunal
A man who gave such successful racing tips he claims that he was barred by bookies, has won a VAT tribunal where he proved that £85,000 was receipts from winnings rather than income earned from making a supply. Jeff Laughton set up a network of around 40 people through his company who placed bets using…
-
Can’t pay your VAT ontime?
Neither it seems could several other businesses if some of the recently reported Tribunals are anything to go by. No less than eight first tier tribunal reports were published on 1 November in respect of appeals against default surcharges. As these businesses found out, just failing to submit either your VAT return, VAT payment or…
-
Minimum Wage Increase
There has been much press commentary recently regarding HMRC’s pursuit of football clubs who stand accused of paying certain “employees” below the National Minimum Wage (NMW). This action is being taken due to complaints HMRC has received from ball-boys and club mascots who receive no payment for their time. All employers are required to pay their…
-
Charity Guidance on Public Benefit
The Charity Commission has published its new public benefit guidance, after being ordered by the Charity Tribunal to rewrite it after the independent schools case. The new version is split into three short guides: • Public benefit: the public benefit requirement • Public benefit: running a charity • Public benefit: reporting The guides explain what…
-
Compulsory online VAT filing is Illegal!
Three VAT registered businesses have won their appeals against HMRC’s requirement that they file their VAT returns online. All of the appellants ran their own small businesses. Two of the appellants experienced disabilities which made it excessively difficult or impossible for them to use a computer. A third lived in a remote area of…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
Read more
free making tax digital briefing 