Five years after HMRC appealed an IR35 case defeat carrying £243,324 in tax liability, judges have instructed this long-running saga to be reheard despite the work having taken place 14 years ago.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
The dos and don’ts of selling to an Employee Ownership Trust
When considering possible exit routes for your business, selling to an Employee Ownership Trust (EOT) can have several benefits, but a word of caution, this is not an exit route that can just be unilaterally imposed on your management team.
Could AI Take the Grind Out of Accountancy?
Owen Hewitt, a trainee chartered accountant at haysmacintyre, finds himself amidst a unique cohort of accountants poised to integrate artificial intelligence (AI) into their daily routines from the onset of their careers.
£900,000 penalty for promoter of tax avoidance scheme
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HM Revenue & Customs.
Providing credibility to your numbers
Who and what data you trust in business is important and increasingly audits are being used to provide confirmation of the facts – whether to shareholders, potential investors or banks.
The new British Isa: What we know and don’t know about this new investment offering
The British Isa, proposed by Chancellor Jeremy Hunt, aims to encourage investment in UK-focused assets by offering an additional £5,000 allowance on top of the existing £20,000 annual Isa allowance.
Chancellor’s ‘generous’ National Insurance cut will increase tax for millions
The Chancellor, Jeremy Hunt’s 2% National Insurance (‘NIC’) cut may not be as generous as he proclaimed at last week’s Spring Budget, say leading tax and advisory firm Blick Rothenberg.
Chancellor’s Spring Budget Sparks Potential Surge in Pension Fund Investment
Chancellor Jeremy Hunt’s proposed reforms, outlined in the Spring Budget, signal a potential surge in pension fund investment, particularly in UK-listed equities.
Building Blocks: Which asset class can secure your financial future?
For several decades received wisdom has told us that property investment is the best way to watch your wealth grow.
BBC faces scrutiny over IR35 implementation during government questioning
Tim Davie, the Director General at the BBC, and his team found themselves under the intense scrutiny of the Public Accounts Committee (PAC) yesterday regarding the corporation’s implementation efforts across the UK.
Hedging: Understanding the basics
More than 2 billion of the world’s population are heading to the polls this year to vote in crucial elections, including for new leaders in the US, EU and here in the UK. This, added to the ongoing geopolitical instability and tense relations between major players, means it’s fair to say that the next 12 months will be difficult to predict.
Almost a third of UK business owners to sell up to fund retirement
Almost one third of UK business owners plan to sell their businesses to help fund their retirement, according to new research.
All about pensions
With so many different options to consider, pensions can be a complicated subject.
Loose Women presenter Kaye Adams wins ten-year IR35 tax battle
Kaye Adams appears to have finally won a ten-year battle with HM Revenue & Customs after the tax authority said it had decided not to appeal after her latest court win.
Inheritance Tax receipts reach £5.7BN from April ’23
Figures released by HMRC today show that the Treasury raked in £5.7 billion in inheritance tax receipts in the nine months from April to December 2023. This is £400 million more than in the same period a year earlier, continuing the upward trend.