The Tax Gap: small company compliance
HMRC published its estimate of the Tax Gap on 19 June 2025 – covering the 2023-24 tax year, with revisions of estima...
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Closing the tax gap: government strategy on non-compliance
On 26 March 2025, the Chancellor of the Exchequer Rachel Reeves delivered the Spring Statement 2025, unveiling a...
Facing a HMRC investigation: a practical response
An HMRC investigation or enquiry can be a worrying development for a business but for those in HMRC’s ‘Large Busines...
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The case of Quillan v HMRC: the dangers of a director’s loan account
I can remember the first time I saw a corporation tax assessment seeking tax on a loan to a participator....
Bunting v HMRC: claiming capital loss relief
Although debts are generally disregarded assets for the purposes of the capital gains tax legislation, this is subject t...
Changes to business property relief: coping with cuts
The proposed changes to business property relief have so far sent only ripples through the business world....
Options for company liquidation: time to go
A company can generally be removed from the register of companies at Companies House in one of two ways:...
Management incentive planning: the options available to OMBs
In the Autumn Budget, the Chancellor of the Exchequer announced a wide range of fiscal measures, most of which are likel...
E-invoicing and real-time reporting: an opportunity-shaped burden
Real-time reporting and e-invoicing requirements have been part of the changing regulatory landscape globally for many y...
Partnership incorporation: tax relief for goodwill
Farming and veterinary are two industries that still have partnerships at their core.