The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to… Read More »The hidden economy: What income should you declare?
The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider… Read More »HMRC sets its sights on SMEs over UK tax gap
Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per… Read More »Inflation and increased interest rates – What does it mean for businesses?
The UK Government has long encouraged businesses to invest in Research & Development (R&D) projects, believing it to be at the forefront of economic growth.… Read More »The ins and outs of pre-notification of R&D claims
As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these… Read More »Constantly asked for pay rises? Here is what you need to know about pay in the UK
In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be… Read More »Changes to free childcare, but higher earners will still miss out
It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide… Read More »Trivial benefits in kind and the advantages they give to employers
The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data… Read More »Late interest penalties hit 1.4 million taxpayers – and it could get worse
With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for… Read More »Roadside charging – How to account for credit card payments
There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect… Read More »Car vs Van – Tax treatment of electric vehicles
