Palma Percze, solicitor at Myerson Solicitors, explains how employee ownership trusts work from raising funds and leveraging company profits to the tax benefits
Neil Tipping, lead tax enquiry consultant at VIP Tax Team, explains how Croner-i resolved a long-running valuation case between HMRC and four shareholders over the sale of their business to their sons
More than £2bn was raised from employer’s national insurance in April alone even before the full impact of rises are felt, while inheritance tax was up 14% in a single month
The addition of VAT to private school fees since January has sparked debate and a three-day High Court hearing featuring highly regarded KCs, but new figures show the impact of the 20% hit
The owner of a number of restaurants in Birmingham was not suppressing sales or deliberately filing wrongly as HMRC’s ‘decision was not based on evidence’
A minor tweak to tax rules will see a relaxation of the deadline for final VAT returns when a business deregisters from VAT in event of HMRC processing delays
With the increasingly complex audit framework for SMEs, the regulator has issued tips on materiality, loans and role of external auditors to help negotiate the annual audit process
Judge finds appellant’s argument formed using an AI tool was inaccurate and not relevant which ‘highlights the dangers of reliance on AI tools without human checks’ resulting in the appeal being dismissed
Chris Thorpe ATT CTA explains the key tax issues to consider when allowing employees to use their company cars and vans for private use from NI to benefits in kind charges
Many business owners are considering making gifts during their lifetime, rather than through their will due to changes to business property relief, but does this make tax sense, asks Chris Etherington, partner at RSM
Following voter backlash, major u-turn for government as Kier Starmer says eligibility threshold for winter fuel payments will be raised with confirmation at Budget
The government has added a British accountant to the Russia sanctions list for his alleged involvement in helping Russia with the procurement of shadow fleet of oil tankers
Accountants must comply with a plethora of anti money laundering and know your customer requirements, but there are ways to improve the process, says Collette Smith, chief transformation officer at SmartSearch
Big Four auditor EY is in the High Court defending allegations of ‘deficient audits’ for the work of its Middle East audit team for now collapsed NMC Health as it faces multibillion pound damages claim by administrators
Trusts are in HMRC’s firing line as part of the swingeing cuts to agricultural property relief, but is it possible to mitigate against this, ask Katie Martin and Louise Garrett of Hunters
The Insolvency Service is to take over the work of the National Investigation Service (NATIS), set up by the Conservatives and based at bankrupt Thurrock Council, after it fails to catch covid fraudsters
Savers can breathe a temporary sigh of relief as chancellor ditches plan to cut ISA tax-free limit but could see allowance split between shares and cash
HMRC is pushing Making Tax Digital (MTD) for Income Tax more than ever in a rush to iron out the kinks before it goes live in 2026 but defends number of trial participants as being ‘in line with our expectations’
In this week’s Q&A, Sue Walker, payroll adviser at croner-i My VIP Tax Team, explains interaction of statutory sick pay (SSP), intermittent days and the period of incapacity for work