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HMRC’s latest ‘nudge letter’ on crypto asset disposals
The latest communication in HMRC’s nudge letter campaign targets those who HMRC believes has disposed of crypto assets without declaring the resultant chargeable gains or income in their tax filings.
Creative Sector Tax Reliefs: Orchestra Tax Relief
Orchestra Tax Relief (OTR) is a relief for orchestral production companies that are responsible for qualifying orchestral concerts. It can be worth up to 40% in cash of certain types of expenditure.
Creative Sector Tax Reliefs: Museums and Galleries Exhibition Tax Relief
Museums and Galleries Exhibition Tax Relief (MGETR) is a relief for qualifying primary and secondary production companies that are responsible for qualifying exhibitions.
Payrolling of Benefits – Are you prepared?
The previous Government announced that the mandatory payrolling of benefits will commence from 6 April 2026, which is effectively the start of the 2026/27 tax year.
HMRC Employer Compliance Reviews
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.
Charities and Not for Profit eNews
The latest edition of our Charities and Not for Profit eNews is now available to download.
CRISM Therapeutics Corporation reverse takeover of Extruded Pharmaceuticals Limited
haysmacintyre provided reporting accountant services for CRISM Therapeutics Corporation’s reverse takeover of Extruded Pharmaceuticals Limited.
HMRC’s One to Many letter campaign targets the construction industry
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.