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The likelihood of HMRC enquiring into every business is on the rise

The “tax gap” (the difference between the amount of that should (in theory) be collected by HMRC against what is actually collected), stands at £36 billion,…

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Proposed changes to the VAT flat-rate scheme

If your business operates the VAT flat-rate scheme, there are new rules which could have a significant impact. Proposed changes to the VAT flat-rate scheme (FRS)…

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5 April fast approaching – are you prepared?

The end of the tax year is fast approaching, and we understand that no-one wants to pay more tax than they have to. It’s important to…

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Tax matters that you should consider before April 5

As the end of the tax year approaches, taxpayers should review their personal and business tax arrangements. Changes to the system may benefit certain individuals and businesses but action will need to be taken before April 5.

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What would my tax position be if I were to sell my classic car which was purchased as an investment?

Classic or vintage cars can be a great investment as they do not necessarily depreciate and might enjoy a significant increase in value during their period of ownership but there are sometimes tax implications in doing so.

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