News & Press

It is important to be aware of UK tax obligations before you register a company.  It is beneficial for those who aren’t as familiar with UK tax to contact a Chartered Tax Advisor or Tax Accountants. The first concern is usually Corporation...

Most taxpayers are familiar with the Self-Assessment system which HM Revenue and Customs (HMRC) uses to collect Income Tax from individual taxpayers. This system has been in place for many years in order for the Government to collect taxes...

As some of you may (or may not) have heard, HMRC have been pioneering a way of making tax and VAT reporting more autonomous in line with the digital enhancements in technology in recent years.This has included the implementation of online...

Many individuals pay into a pension scheme each year, whether through their employer, making their own contributions into a private scheme or a combination of both.However, what most taxpayers don’t know is that there is both a life time...

What You Need To Know:Developments in technology and the rise of emerging industries have seen a significant increase in Research and Development (R&D) tax credits since the scheme was first introduced in 2000 by the Blair administration....

New legislation was introduced in 2017 to tackle the issue of salary sacrifice arrangements where such arrangements result in a loss of tax to HMRC. This affects employers who offer benefits in kind to employees, or allowance payments,...

Most businesses offer some form of entertainment for their staff as a normal part of business operations to reward, incentivise or encourage their employees. The tax issues in this area are often misunderstood, resulting in many questions,...

All businesses face tax challenges but within certain sectors there are specific issues that are very common across many firms. The bio-tech sector is one in which there are a number of such common themes including the need to raise funds,...

What is Tax Planning?Any company with good tax governance will seek to minimise their tax liability by using tools and mechanisms that the government makes available. These include things like, allowances, deductions, rebates and exemptions,...

Many people see the appeal of having their own limited company, whether this is because of their status or perceived image to their friends. Or even maybe because it is the most logical thing to do from a tax planning perspective. This is...

If you are a non-UK resident about to register a company in the UK, it may be worth contacting your Tax Consultants or a Chartered Tax Advisor for information and advice. There are many responsibilities that come with forming a company and,...

No one likes the thought or process of dealing with a tax enquiry from HMRC, whether in relation to the tax affairs of their business or on an individual basis. Whilst a small number of tax enquiries are still random checks (especially in...