HMRC has been increasing its Employer Compliance Reviews (ECR) over the past few years. ECRs cut across all business sectors and organisation sizes. Our PDF below details what an ECR is, why you may have been picked and what you should do.

The latest edition of our Charities and Not for Profit eNews is now available to download.

haysmacintyre provided reporting accountant services for CRISM Therapeutics Corporation’s reverse takeover of Extruded Pharmaceuticals Limited.

HMRC started a One to Many (OTM) letter campaign on 22 July 2024, directed at Construction Industry Scheme (CIS) contractors, prompting them to verify their subcontractor population to ensure the correct CIS tax deductions are made on their payments. This follows the recent campaign directed at insurance businesses that commission construction work directly or through a loss adjuster. Both campaigns suggest that HMRC still considers the construction industry an area of tax leakage.

Below, we explain the CIS, OTM letters, and how we can help.

In today’s environment of rising costs, many of our clients have experienced significant increases in their expenses over the past 18 months, without a corresponding rise in income.

Over recent months, HMRC has been challenging commercially marketed schemes used for the provision of workplace nursery places, which seeks to take advantage of a specific exemption and which is commonly provided as part of a salary sacrifice arrangement.

Following a delay with the introduction of the Fair Tips Act 2023 (the ‘Act’), the new Government seems unlikely to impose any further delays and the Act will be operational from 1 October 2024. Furthermore, the Statutory Instrument relating to who the Act will be operated were laid before Parliament on 29 July 2024.

Set out below are the key points which need to be considered when distributing tips once the Act comes into effect. Helpful reminders have been included at the end of each section.

The Chancellor Rachel Reeves had previously made her views on private equity returns clear during her time in opposition, particularly regarding carried interest.