Latest News

Could you benefit from Tax-Free Childcare?

2 May 2017

Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in. Tax-Free Childcare will be open to working families – defined as couples or individuals who are each expected to

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HMRC goes “nuclear” in pursuit of unpaid taxes

2 May 2017

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion. The figures, published by Funding Options,

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Small tax allowances as of 6 April 2017

2 May 2017

The new tax year which began last month and brought with it a series of useful tax-free allowances that you may not currently be aware of, including the Government’s new trading and property allowances. Under the new trading allowance, anyone

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HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax

2 May 2017

Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay the appropriate tax on their

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Online VAT fraud and error costing UK dear

2 May 2017

A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year. Under current UK tax rules, any traders

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