Childcare Vouchers

Childcare Vouchers Using Government childcare vouchers to pay for childcare can save parent thousands of pounds a year. The scheme is operated by employers and allows childcare to be paid for from pre-tax salary. Basic rate taxpayers can buy up to £55/week voucher,...

Charities materially misstate accounts

The Charity Commission expects trustees to take compliance with accounting requirements seriously. It was not impressed with the 97 charities, with a collective income of almost £195 million, who filed accounts where their auditors stated that the accounts were or...

HMRC settlements on EBTs

HMRC Settlements on EBTs are back on the table Richard Coombs reminds advisors to encourage clients to settle their historic EBT liabilities before April 2019 . Employee Benefit Trusts seem to be permanently in the news these days and the recent “Paradise Papers” leak...

Trading and property allowances

If your property income is less than £1,000 there is probably no need to report it to HMRC. There are exceptions and Graham Buckell takes us through the traps. “In the Budget 2016 the Chancellor announced two new exemptions for casual trading and property...

R & D tax relief under-claimed

R&D tax relief still under-claimed Every year HMRC publish statistics about the take-up of the very generous Research & Development tax credit regime and this year’s review has yet again illustrated that the relief is often underclaimed.  It seems that many...