Finance News

The tax office is currently attacking travelling expenses, so we thought it time to have a look at these.  In the space available we can only skim the surface of this topic. Read More

No doubt you have all heard about Gary Barlow and the other members of Take That who are facing a tax bill of about £20m following HMRC’s success in challenging a “tax avoidance” scheme that they entered into. Read More

WHETHER you agree with it or not, the National Minimum Wage (NMW) has been with us for 15 years.  Failure to comply can result in an employer not only having to make up the difference to the employee, but also substantial penalties. Read More

We hear a lot from the government about “cutting red tape” for businesses. Read More

Director of a company?  Do you assume you are protected by the limited company status?  Are you sure this is the case even when dealing with the VATman?  Read More

What if a customer doesn’t pay you for goods or services on which you have charged VAT, and you have paid that VAT to HM Revenue & Customs (HMRC), you can get the VAT back by claiming ‘Bad Debt Relief’. Read More

This year, Valentine’s Day was a day to remember for a couple of reasons. Read More

A number of case law decisions on employment law may have an effect on you. Read More

A trade is defined as including “any venture in the nature of trade” where the badges of trade apply.  A summary of each ‘badge of trade’ is shown below with a brief pointer to its meaning. Read More

HM Revenue & Customs have lost 34,000 jobs since 2005, with another 10,000 planned by 2015.  In addition, just three weeks before Christmas it was announced that a further 3,000 staff on fixed term contracts due to end in March 2014 will not have the contracts extended. Read More