News

Summer is typically a quiet time for personal tax matters but don’t be lulled into thinking you can ignore your personal tax returns – the next deadline will be here before you know it! If you are self-employed, then you will be expected by HM Revenue & Customs (HMRC) to complete self-assessment tax returns. If … Read more

More than two-thirds of UK export companies have not yet taken the basic steps to prepare for a no-deal Brexit scenario, according to the latest figures. The data from HM Revenue & Customs (HMRC) shows that just 70,000 out of a total of 240,000 have registered for the necessary documentation to continue to trade with … Read more

Do you know how to deal with dividends in accordance with the Companies Act as a director? A recent case demonstrates how HM Revenue & Customs (HMRC) will go back to the source of information and transactions in deciding whether a payment should be taxed as a dividend or as salary. Case study Regardless of … Read more

The response to a Freedom of Information (FoI) request has revealed that as many as one in four estates that are liable for Inheritance Tax IHT are investigated each year. In 2018-19, more than 5,500 investigations were launched by HMRC into the approximately 22,000 estates that had to pay the tax. Despite the introduction of … Read more

After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6 April 2020. The latest policy document for the private sector shares a number of similarities with that already in force in the public sector. However, it does introduce … Read more

Fintech (Financial Technology) firms in the UK saw investment in excess of £2.47 billion in the first half of 2019, even though the global fintech funding market has seen a large decrease in the same period. The latest data shows that £31 billion was invested worldwide in fintech companies in the six months to the … Read more

Late payments are causing more damage to the small business economy than almost any other factor, new research has revealed. The findings have been published as part of new research carried out by the leading accountancy regulator, the Institute of Chartered Accountants in England and Wales (ICAEW). According to its latest Business Confidence Monitor (BCM), … Read more

As many of you may already be aware, Macalvins has appointed Tariq Charles Anthony Husain who joins us as our new Chief Executive Officer. Tariq, who will focus on developing our firm’s corporate and international services, has spent two decades working in the City in international outsourced business services, capital markets and private client services. … Read more