HMRC and the 2019 loan charge
HMRC is now taking action against those who it believes have not been tax compliant in respect of the loan charge.
Health and Social Care Levy: The implications for charities and potential ways to mitigate the impact
The Health and Social Care Levy Act 2021 (the levy) was introduced to pay for an increase in funding for health and social care. The implementation of the levy will occur in two stages, both of which will have considerable consequences for charities. So, what do charities need to know about the change, and what steps are available to help mitigate any impact?
Companies House reform: the impact on company incorporations
As part of the Economic Crime and Corporate Transparency Bill (the Bill), the government hopes to expand the Registrar’s controls over company names. Companies House has limited power to prevent certain names from being registered, or to act on company names once they have been registered. As such, the government wants to broaden the instances of where company names should be prohibited. In this article, we will look at the proposed reform for company incorporations and how this will impact companies and their directors.
Code of Practice 9 enquiries – football agents
We understand HMRC has been issuing Code of Practice (COP) 9 enquiries to football agents.
Electronic sales suppression: the latest nudge letter campaign by HMRC
HMRC will start to send nudge letters to taxpayers in relation to electronic sales suppression (ESS). HMRC launched their latest campaign in April 2023 to tackle the use of till systems that hide or reduce the value of transactions on a business’ electronic sale records. The campaign will run throughout the coming year and possibly beyond.
Navigating the UK Payment Industry: Insights on Regulatory, CASS, and Accounting Considerations
The payment industry has experienced impressive growth in recent years, driven by technological advancements, shifting consumer preferences, and the rapid rise of e-commerce. The global payments market is expected to reach an astounding $8.94 trillion by 2027 (Grand View Research, 2020).