HMRC has introduced higher penalties for companies that fail to submit their Company Tax Returns on time. For Company Tax Returns with a filing deadline on or after 1...
Read More ⟶If your business provides employees or directors with benefits such as company cars, private medical insurance or interest-free loans, these are known as Benefits in Kind (BiKs). These benefits...
Read More ⟶Many business owners assume that deleting invoices, receipts or accounting records means they are gone forever. However, while files may disappear from your own computer, copies of financial records...
Read More ⟶Many business owners assume that once financial records are deleted, they can never be recovered. In reality, HMRC has legal powers to request information from taxpayers and, where appropriate,...
Read More ⟶Many business owners and self-employed individuals are concerned about how much financial information HMRC can access. While there are several misconceptions surrounding HMRC’s powers, it’s true that the tax...
Read More ⟶HMRC has significantly expanded its use of digital technology to help identify potential tax discrepancies and improve compliance across the UK tax system. Using information received from a wide...
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