PAYE compliance health checks

    Due to the increasing complexity of legislation affecting employers, there has been a significant increase in employer compliance visits by HMRC, resulting in a corresponding rise in penalties charged for non-compliance.
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    R&D tax relief and Brexit

    R&D tax relief is arguably the most generous corporation tax relief currently available in the UK today. For SMEs, up to one-third of qualifying R&D costs can be recovered through the tax system. It’s therefore of little surprise that the bombshell of Brexit has left many SMEs nervous about the future of the R&D tax relief scheme.
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    Corporate tax and the digital economy: position paper

    The speed and scale of the changes caused by digitalisation have had implications for the UK tax system especially in respect of corporation tax, where the development of certain business models has challenged the understanding of how and where companies create value and ultimately how that value is taxed.
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    Dilution of shares and entrepreneurs’ relief

    In the Autumn Budget 2017 the Chancellor announced that there would be changes to entrepreneurs’ relief to address the situation where an individual’s shareholding is diluted to below 5% because of a fresh issue of shares by the company.
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    Cash and digital payments

    At the Spring Statement, the Chancellor announced a call for evidence on the role of cash and digital payments in the new economy. The digital economy has revolutionised the way people shop, sell, etc. with less than 50% of all payments now undertaken in cash.
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