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Making Tax Digital Update

Making Tax Digital Update

Date posted: 17th Aug 2022

Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022. The next roll-out will…

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Prime Minister Candidates and Possible Tax Cuts

Prime Minister Candidates and Possible Tax Cuts

Date posted: 17th Aug 2022

With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two –…

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Beware “Rogue” R&D Consultants

Beware “Rogue” R&D Consultants

Date posted: 17th Aug 2022

In recent years HMRC have identified and successfully challenged a number of spurious claims for Research and Development (R&D) tax credit relief made by purported ‘R&D Consultants’. Many…

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Attracting and Retaining Key Staff with Shares

Attracting and Retaining Key Staff with Shares

Date posted: 17th Aug 2022

In the increasingly competitive jobs market, it is important that employers are able to attract and retain talented people to help them grow their business. Within certain sectors,…

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More Details of MTD for Income Tax Reporting

More Details of MTD for Income Tax Reporting

Date posted: 16th Aug 2022

HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and…

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North of England Accountancy Firm continues growing with eight new trainees and a new learning platform

North of England Accountancy Firm continues growing with eight new trainees and a new learning platform

Date posted: 15th Aug 2022

Clive Owen LLP, chartered accountants and business advisers, has recruited eight new trainees to join them in August, seeing the team grow from 112 to 122 in less…

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Research and Development scheme – how to get the most from these claims

Research and Development scheme – how to get the most from these claims

Date posted: 28th Jul 2022

I have worked at Clive Owen for 25 years now and have been preparing R&D claims since the introduction of the scheme in 2000. In the last 3…

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HMRC scam’s – what to look out for and what to do if you receive one

HMRC scam’s – what to look out for and what to do if you receive one

Date posted: 18th Jul 2022

We have recently become aware of an increase in attempted phishing communications from our clients, which is a worrying trend. These scams can come in a number of…

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Close investment holding companies – do you have one and what are the tax issues?

Close investment holding companies – do you have one and what are the tax issues?

Date posted: 11th Jul 2022

At the time of writing (July 2022), the UK has one flat rate of corporation tax – 19%. However, there are planned increases to the rate from April…

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HMRC increasing the penalty intake!

HMRC increasing the penalty intake!

Date posted: 11th Jul 2022

Recent data suggests that penalties imposed by HMRC were £571m in 2021/22. Whilst these penalties will cover a range of taxes and some will relate to tax avoidance…

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