HMRC delays MTD for two more years
Last week, it emerged that the government’s plans to impose digital tax returns on the self-employed and small businesses were likely to be delayed for a further two years. This
How are Christmas parties and bonus payments taxed?
It’s that time of year again, and your thoughts may be turning to seasonal staff parties and gifts for your employees. A question we are asked every year is, “what are the tax
Autumn Statement 2022
The Chancellor Jeremy Hunt’s Autumn Statement came against the background of a Spring Statement and a September ‘mini-Budget’ (which has now been substantially reversed). The
mgr acquires the MAP Partnership
mgr, the London-based accountancy firm, is pleased to announce its acquisition of the MAP Partnership, an established accountancy firm specialising in business and tax advisory ser
HMRC interest rates increase for late and early payments
HMRC interest rates are linked to the Bank of England base rate by legislation. The recent interest rate rises have therefore led to an increase in HMRC interest rates. HMRC says t
Chancellor brings forward further Medium-Term Fiscal Plan measures
At 6.00 am on Monday 17 October, the Treasury issued a press release announcing that the (new) Chancellor, Jeremy Hunt, would making a statement “bringing forward measures from t
14 October 2022: The Growth Plan Update
On 14 October, as an important deadline loomed for Bank of England support of the government bond markets to expire, the government’s political turmoil ratcheted up as the fallou
How would you value your business if you went on Dragons’ Den?
“Valuation is an art, not a science”, or so the saying goes. But as Nick Muir explains, business valuations are a bit of both. In this blog, Nick sets out some common approache
What are the tax benefits of electric company cars?
The government’s Net Zero Strategy includes a commitment to transition to clean energy and green technology. As part of this, it is encouraging a shift to electric vehicles, whic
Can an employer pay a long-serving employee a tax-free retirement bonus?
It is not unusual for businesses to want to pay long-serving employees a cash bonus when they retire. But can this be done tax free, and if not, are any other options available? In
