Business Tax

With many different pieces of legislation and HMRC practice notes being relevant, businesses need to fully understand the statutory tax administration and payment requirements placed upon them. We can advise on:

Agreeing your business tax liabilities with HMRC is principally achieved by completing and submitting the relevant ‘self assessment’ tax return.  Clients who are fearful that this ‘disclosure’ may be investigated by HMRC may wish to consider taking out our tax investigation insurance.
Understanding this complicated business tax system and paying the correct (minimum) amount of tax, at the correct time, through the correct mechanism, is what most clients seek. Speak to our tax technicians and put your mind at ease. We will also seek to identify means to reduce your business tax liabilities.

Our Tax Group Commentary on Business Tax Aspects of:

2017: Spring Budget
2016: Autumn Statement | Spring Budget
2015: Autumn Statement | Summer Budget | Spring Budget

2014: Autumn Statement | Budget 

2013: Autumn Statement | Budget

2012: Autumn Statement | Budget

2011: Autumn Statement | Budget

Our Tax Group “A Brief Guide to...” Publications:



 
Latest Blogs in Business Tax
 
Philip Peters
5th October 2017 HMRC “Connect”: Now checking businesses that should VAT register.

We have known since 2010 that HMRC has a computer programme, called “Connect”, that is collecting data from a variety of sources about taxpayers, and then using this intelligence to check on correct tax compliance. We have known that these data sources include Banks, Social Media, DVLA, Local Authorities, Foreign Tax Jurisdictions and Land Registry.…

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Catherine Hubbard
5th October 2017 Simple Assessment

  HMRC have now implemented their ‘Simple Assessment’ project, where they use the information already available to them from employers, pension providers, the DWP and banks to calculate the tax for those with straightforward or ’Simple’ tax affairs, without the need for a tax return to be completed.   In theory this sounds like an…

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Ruth Pearson
12th September 2017 Guidance for employers

HMRC have issued their latest guidance to employers in the August edition of the Employer Bulletin. This publication, which is issued every two months, includes articles on: Reporting Pay As You Earn in real time Optional Remuneration Arrangements Tax codes – Get it right first time PAYE penalties – continuation of the risk-based approach to charging penalties…

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Ian Piper
7th September 2017 R&D Tax Relief: HMRC closes loophole.

Companies that are developing innovative new products, services or systems have long understood the generosity of the R&D tax relief rules. These give a notional 130% uplift to eligible costs in the company’s corporation tax computation. Such eligible costs include ‘employee costs’, which hitherto has included all ‘reimbursed expenses’. This has always seemed overly generous…

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Catherine Hubbard
7th September 2017 Further move towards dealing with HMRC electronically

HMRC have for some time been keen for taxpayers to make their tax payments electronically.  They have recently updated their guidance to show that from 15 December 2017 it will no longer be possible for taxpayers to pay self-assessment tax, or in fact any other type of tax, directly at the Post Office.   This…

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Jodie Tarbin
16th August 2017 Common Tax Errors Landlords Make

  HMRC have a Let Property Campaign to try to encourage landlords who have not previously declared their taxable income and gains to come forward as soon as possible, in order to bring their tax affairs up to date. The let property campaign is aimed at individual landlords with residential property in the UK or…

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