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HMRC raises £16 for every £1 it spends investigating small businesses and individuals

According to a new study by Pinsent Masons, HMRC raised £16 for every £1 it spent on staff on tax investigations looking at small businesses and individuals. The figures show that HMRC were able to collect £4.9bn in…

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Business gifts for Christmas

Thinking of giving a business gift for Christmas? It’s not long until Christmas and you might be considering giving a Christmas gift or treat to your team or customers. But before you do, it’s worth considering the tax…

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Is the Christmas party tax allowable?

It’s just under six weeks until Christmas Day and many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax…

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VAT change for builders delayed until 2020

The VAT change for builders – known as the Domestic reverse VAT charge – has been delayed. It was due to come into force on 1st October 2019, but the Domestic reverse VAT charge has now been delayed…

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Do you need to charge VAT on recharged expenses?

We are often asked by clients if they need to charge VAT on the expenses that they recharge to their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no…

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Tax evasion or tax avoidance?

What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance in the Paradise Papers, amongst other reports. But they…

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What are the different VAT rates and what do they mean?

We are often asked what all the different VAT rates are and what they mean. Zero-rated is the same as Exempt, right?  Wrong.  Read our guide below to make sure you understand the difference between all the rates…

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How much will that Christmas gift really cost?

Thinking of giving a business gift for Christmas? It’s almost that time of year again when we hang the lights and decorate the tree, and you might be considering giving a Christmas gift or treat to your team…

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Less than 15% of businesses are ready for Making Tax Digital (MTD) and it’s less than six months away

With less than 6 months to go before Making Tax Digital (MTD) comes in to force, a House of Lords Sub-committee has been told that less than 15% of businesses are ready for it. From the 1st April…

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Government release a ‘no deal’ Brexit pack for businesses

The Government has this week released a partnership pack providing guidance on what do in the event of a ‘no deal’ exit from the European Union (Brexit). They say that they are still expecting a Brexit deal to…

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