HMRC collected £34 million in penalties in September 2020, an increase of 62% from a low of £21m in May, after resuming tax investigations. After temporarily […]

The Pensions Regulator (TPR) is issuing penalties for those failing to comply with the Compliance notice.

Following the recent Wickford Developments decision, any property developer who has been refused VAT refunds on installing manual roller blinds into new homes should review the VAT lost in the past 4 years with a view to making a claim from HMRC. This decision follows that of an earlier case that HMRC chose to ignore (John Price) and HMRC were criticised for continuing with a policy that the courts had disagreed with.

Earlier this month (October 2020), HMRC issued “nudge letters” to the corporate owners of high value UK property with outstanding ATED (Annual Tax on Enveloped Dwellings) returns.

Airbnb have paid an extra £1.8m in UK tax following a HMRC investigation, in addition to a £1.1m tax bill paid on profits of £5.6m by Airbnb UK in 2019.

The government has classed the CBILS and the Bounce Back Loan as ‘Notified State Aid’ (NSA) under the European Commission’s new Temporary Framework for COVID-19. If a company receives CBILS or the Bounce Back Loan, then it will not be possible to claim SME R&D Tax Relief for that project as a company can only be in receipt of one form of NSA on any one project.

The Chancellor has announced unprecedented measures to support businesses, but R&D Tax Relief can be an additional lifeline for businesses. Research and Development (R&D) Tax Relief […]

The UK Government introduced a raft of measures to support businesses in response to COVID-19 including their VAT through HMRC’s Time To Pay service.

The Chancellor, Rishi Sunak, delivered the 2020 Budget yesterday afternoon. Our specialist tax team have summarised of the key announcements for both businesses and individuals.

The Chancellor, Rishi Sunak, delivered the 2020 Budget with a plan to invest in research and development (R&D) and cutting-edge technologies. The government will increase investment […]