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Compliance Check
The purpose of a compliance check is to confirm that you have correctly declared and paid the required amount of tax, and are compliant with current regulations. Compliance checks are handled differently depending on whether you are an individual or operating a business. Many checks are routine, but some may be initiated if HMRC requires additional supporting evidence (for example, a recently submitted tax return with a large tax refund amount).


Do you need to pay tax on overseas income? Changes are coming in April 2025!
Under the current rules, if you are a UK tax resident and domiciled in the UK, you must pay taxes on your global income and gains.

TBA
Jul 24, 20245 min read


Online sales platforms begin to report seller income to HMRC!
From 1st January 2024, HMRC implemented new rules requiring online marketplaces to collect all seller information and report seller income.

TBA
Jul 4, 20245 min read


National Service to be reintroduced?
The Prime Minister Rishi Sunak announced that if the Conservative Party wins the election, mandatory national service will be reintroduced.

TBA
Jun 19, 20243 min read
What is a ‘salary sacrifice’ pension scheme?
<p>What is a ‘salary sacrifice’ pension scheme? Have you heard of ‘salary sacrifice’ pensions? This type of occupational pension is aimed at helping individuals save on tax contributions whilst also contributing to their pension. Let’s find out more! 1. What is ‘salary sacrifice’? A salary sacrifice arrangement equates to tax savings for employees. Employees agree […]</p>

TBA
Jun 7, 20242 min read


Small mistakes cost British employees £5.8 million in overpaid taxes – make sure you check your tax code!
A recent study by Canada Life revealed that due tax code errors, UK employees have so far overpaid approximately £5.8 billion in taxes.

TBA
Jun 5, 20242 min read


Supermarkets implement ‘facial recognition’ and dress codes to prevent shoplifting?
A man was reported as being refused entry to a Tesco supermarket due to suspicions of potential theft because his attire was too unkempt!

TBA
May 31, 20243 min read


What is a P45, and why do you get one when leaving your job?
If you’ve been employed by one than one employer in the UK, you would have received a P45 document after the end of your previous jobs.

TBA
May 24, 20245 min read


HMRC demands repayment of £49,000 in tax relief?
Many British companies are likely familiar with Research and Development (R&D) tax relief, which is a very beneficial tax allowance.

TBA
May 17, 20245 min read


Recently received a P60?
We’re now in a new tax year. If you were employed in the previous year, have you checked your P60?

TBA
May 15, 20244 min read


Should restaurants scrap automatic tipping?
The well-known restaurant chain Ping Pong has replaced its 12.5% service charge with a new optional 15% ‘brand’ charge.

TBA
May 8, 20243 min read


Do I need to pay tax on the interest I earn?
Many savers are currently benefiting from elevated interest rates compared to the record lows seen in previous years.

TBA
Apr 26, 20244 min read


David Beckham’s son started a Chinese takeout business – thinking of running your own?
Chinese food is highly popular in the UK, especially in the realm of takeout, where it has become the preferred choice for many Britons.

TBA
Apr 12, 20242 min read


Facing an audit by HMRC?
If you’re living and working in the UK, or you sell online to UK-based customers, HMRC may request an audit of your finances.

TBA
Mar 29, 20243 min read


Why are takeaway prices different from eating in?
A restaurant owner in Knaresborough was recently fined for committing tax evasion for more than 3 years, with unpaid VAT of over £51,700.

TBA
Mar 1, 20244 min read


Must-Know Tax Refund Tips!
Did you know that you could reduce the tax you pay on these expenses? So, what sort of expenses qualify for tax relief?

TBA
Feb 23, 20245 min read
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