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We share up to date news and blog posts from the worlds of finance, business and tax. If you’d like to subscribe and receive quarterly email newsletters from us collating the most relevant blogs and articles, please scroll down and submit your email address.

Facebook Triples its UK Tax Bill

Facebook paid £15.7m in UK tax last year, tripling the amount it paid in 2016. Companies House revealed last week that Facebook’s profits for its UK office rose 6.3 per cent to £62.7m in 2017, up from 58.4m a year earlier. Due to an...

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What is Tax-Free Childcare

On October 4th 2018 the Government childcare voucher scheme will close to new applicants and be replaced by tax-free childcare (TFC), which is open to parents who meet the conditions and have one or more children aged eleven or under.The previous voucher scheme...

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Bizarre Excuses for Late Accounts Filing

Recent Companies House statistics show that the number of penalties handed out for the late filing of accounts has gone up by nearly 25% since 2014 from 161,902 then to 201,634 in 2017/18. Over those four years, the cost to business has increased from...

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HMRC Targets Online Retailers in Tax Crackdown

This week, Cameron announced the latest move by HMRC to battle tax avoidance and the “hidden economy”. The Revenue will be granted additional powers to access information from business intermediaries (for example, eBay and Gumtree) and...

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Selling Property by Lottery

Can selling your property by lottery save on tax? There has been a wave of stories and articles recently about selling residential properties via a lottery or raffle. The aim of these schemes is to reduce or eliminate tax bills that would otherwise occur if you...

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