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Tax News | Industry Updates
We share update sector news and tax changes when it happens. Keep an eye on our blog so you are better informed to make business decisions.
Directors Loan Account
During an accounting period, a director may take funds from the company to maintain their director’s loan account (DLA). Withdrawals may be met by salary,
New Year – New Start | How to start new business in 2022
As the end of the year approaches, many of us will reflect on what we’ve achieved and thought about our aspirations for the future. A
Self Assessment Tax Returns 2020-21
If you haven’t already completed your self-assessment tax return, now is the time to start getting organised. We have started counting days down from 01st
The Autumn Budget 2021 at a glance
With the UK’s long-term economic recovery in mind, Mr Sunak in Autumn Budget Speech suggested initiatives such as universal credit, a higher minimum wage, reforming
How to take advantage of HMRC disclosure facilities?
There are many reasons why you might need to make a voluntary disclosure to the HMRC, and these are usually associated with undisclosed taxable income.
Profit Diversion Compliance Facility and Tax Evasion
Large multinational enterprises (MNEs) often structure their businesses and accounting practices to take advantage of lower taxes. One way to do this is to declare
Business Interruption Insurance
Business interruption insurance policy language often limits claims to the loss of gross profits due to the drop in turnover and any related “increase in
Upcoming 2022-23 Scottish Budget
The Scottish Government’s Medium Term Financial Strategy, which will be included in the forthcoming Budget, is intended to provide a “means of focusing on the
VAT Reverse Charge for Builders
Do you work as a builder? If so, you need to know about the VAT reverse charge. It came into effect in March 2021, after