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.
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.
HMRC pursuing dual representation in the Premier League
Tax Policy Associates has predicted that Premier League football clubs may have avoided paying £250 million in tax, over a three-year period. This is due to dual representation by agents.
Tax Rate Card 2023/24
We are pleased to release our annual tax rate card for tax year 2023/24, which summarises many of the rates and allowances essential to businesses and individuals.