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Posts by Paige Collins

Mini umbrella company fraud increases

The rise of mini umbrella company fraud continues to concern HRMC which has recently updated its guidance for businesses that either place or use temporary labour. Mini umbrella companies can be used to abuse the VAT flat rate scheme and the national insurance contribution (NIC) employment allowance. The VAT flat...

Inheritance tax receipts double in a decade

New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13....

HMRC’s new email facility

Although there is no general facility to contact HMRC by email, it is slowly moving...

Residence band relief – claiming and confused?

Working through inheritance tax (IHT) requirements comes at a difficult time. The provisions of the...

HMRC late payment interest rates increase six-fold

Whilst HMRC late payment interest rates have been raised six times during 2022, there has been an uplift to the repayment rate on overpaid tax.
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R&D tax relief reforms on the cards

New reforms will affect companies claiming tax relief or credits on R&D expenditure for accounting periods beginning on or after 1 April 2023.
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Emergency Budget Statement 2022

Emergency Budget Summary 2022: key points at a glance, what it means for you, your family, your business, and the economy.
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CGT deadlines – less stress for divorced couples

CGT deadlines for divorcing couples have been eased by the government which brings relief to many during what is already a stressful time.
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Residential disposals – Defining a ‘period of ownership’ for CGT

properties for sale
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Energy price crisis

The energy price crisis is impacting households and businesses. Prime Minister Liz Truss announces government plans to deal with the crisis.
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