Hot Topics

What's new in the world of tax and business? This section contains articles on some hot topics.

The end of the tax year is approaching: could you save tax?

January 15, 2018

With the end of the 2017/18 tax year approaching, now may be the ideal time to think about how you can minimise your business and personal tax liability before 5 April 2018....

The General Data Protection Regulation: make sure you're prepared

February 15, 2018

Recently published research has suggested that two thirds of businesses are ‘unprepared’ for the upcoming introduction of the General Data Protection Regulation (GDPR)...

Measures coming into effect in the new tax year

March 15, 2018

The 2018/19 tax year starts on 6 April 2018, and along with it some changes to tax and business legislation will come into effect. Here, we outline some of the key measures...

Making Tax Digital: where are we now?

April 15, 2018

With Making Tax Digital for VAT (MTD for VAT) set to be introduced in April 2019, the government has published legislation setting out the requirements for the initiative...

Tackling the late payments epidemic

May 29, 2018

Research published by the Prompt Payment Directory has suggested that many small business owners are ‘struggling financially’ as a consequence of late payments, with 23% of businesses...

Spotlight on inheritance tax

June 25, 2018

Recent reports have suggested that the UK’s current inheritance tax (IHT) system is ‘unnecessarily complicated’, with one business group going so far as to suggest abolishing the tax altogether...

Cybercrime and the impact on business

July 24, 2018

Recently published figures have suggested that HMRC has ‘saved the public more than £2.4 million’ by combating cybercriminals and cybercrime. However, such crime remains a serious problem for businesses...

Making Tax Digital for VAT: an update on digital links

August 28, 2018

Making Tax Digital for VAT (MTD for VAT) is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the VAT registration threshold (currently £85,000)...

An update on national insurance contributions

September 28, 2018

In an unexpected move, the government recently announced that it will not be abolishing Class 2 national insurance contributions (NICs) during this Parliament...

Taxing the tech giants: the new Digital Services Tax

October 31, 2018

In his 2018 Autumn Budget speech, Chancellor Philip Hammond unveiled a so-called 'Digital Services Tax' (DST), which is set to come into effect from April 2020...

Making Tax Digital for VAT: the latest developments

November 27, 2018

With the introduction of Making Tax Digital for VAT (MTD for VAT) rapidly approaching, new developments may affect how certain businesses prepare for the measure...

Minimising your tax liability ahead of the year end

December 27, 2018

With the end of the 2018/19 tax year rapidly approaching, now is the ideal time to ensure you are making the most of the available allowances and exemptions...

How Internet & Social Media are Changing the Music Industry

January 20, 2019

If you’re of a certain age, the golden age of pop music was the 1980s.

When MTV burst onto the scene and a fleet of media savvy new artists—Madonna, Michael Jackson, Cyndi Lauper—had the public hypnotized... 

Reviewing the changes to capital allowances

January 28, 2019

In the 2018 Autumn Budget, Chancellor Philip Hammond announced a handful of changes to capital allowances, including the introduction of a new allowance, termed the Structures and Buildings Allowance (SBA)...

Considering the rise in popularity of flexible working

February 25, 2019

A study recently suggested that being given the option to work flexibly is amongst the most popular work benefits desired by UK employees. Meanwhile, separate research also revealed that 56% of professionals...

2019 Spring Statement summary

March 15,2019

Chancellor Philip Hammond delivered the 2019 Spring Statement yesterday, responding to the latest economic forecasts published by the Office for Budget Responsibility (OBR)...

Taking a look at the measures coming into effect in 2019/20

March 25,2019

The beginning of the 2019/20 tax year ushers in a handful of changes to tax and business legislation. Here, we outline some of the key measures to take note of...

Making Tax Digital for VAT: answering the key questions

April 23,2019

Making Tax Digital for VAT (MTD for VAT) is now live. Firms with a taxable turnover above the VAT registration threshold (currently £85,000) must comply with the new rules...

Getting to grips with PAYE

May 28,2019

The Office of Tax Simplification (OTS) recently called for a comprehensive review of the Pay as You Earn (PAYE) system, to ensure tax agents can 'see relevant client information' and 'access a number of key services'...

Gifting and inheritance tax: considering the rules

June 25,2019

Research published recently by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) suggested that just 45% of individuals seeking to make a financial gift are aware of the inheritance tax (IHT) rules and exemptions...