Yearly Archives: 2022

IR 35 Contractors are “right to be fearful of HMRC reform

Most self-employed workers believe that IR35 is the biggest threat to their business in 2022   Continuing scepticism from contractors around new IR35 rules is justified with public attention having been momentarily diverted from the issue due to the pandemic, the war and other economic factors. IR35: A ‘forgotten crisis’ The introduction of IR35 reform […]

Spurious R&D claims an unbelievable drain on company resources

Abuse of the tax system will highlight the value of trustworthy advisers   The significant time and resource loss associated with HMRC inquiries into potentially fraudulent research and development (R&D) claims highlights the need for enhanced diligence. The finances, depending on the claim, could be significant, but the resources required to deal with an inquiry […]

Glos SMEs should choose MTD software wisely as April 2022 deadline fast approaches

Glos Small businesses should review end-to-end VAT process to ensure it is fully compliant with the upcoming MTD for VAT rules As the deadline for Making Tax Digital (MTD) for VAT approaches, accountants urge businesses to choose wisely when it comes to adopting MTD compliant software to ensure a smooth transition. Once the right MTD […]

HMRC defers Self Assessment penalties for Glos online filers

HMRC is deferring Self Assessment penalties for Glos online filers – ESB update. ESB Accountancy effectively detail the HMRC details as: 1. No penalty for late lodgement as long as return submitted by 28 February. 2. No penalty for late payment provided pay off in full by 1 April or set up a payment plan […]