Voluntary disclosure: Low key, right note?

    HMRC’s latest voluntary disclosure campaign is targeting music royalty income. Around 3,000 letters have been issued inviting recipients of such income to check their tax returns and to make a disclosure if necessary.
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    Virtual reality: client saves over £100k playing games

    Abbey Tax undertook an R&D tax relief claim for an established gaming company located in the north of England. The claim centred on the company’s development of an advanced Virtual Reality (VR) head set which could be used across a wide spectrum of applications.
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    Are you lost over loss reliefs?

    Our Tax Advisory Manager, Katherine Ford, has written a guide called ‘Tax Losses’, in association with Claritax Books. It covers in detail income tax, capital gains tax and corporation tax losses, all illustrated with plenty of worked examples.
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    HMRC – the threat is real

    With 46% of HMRC staff dedicated to raising an additional record-breaking £28.9bn in tax revenue last year, compliance activity has become one of the biggest on-going threats facing SMEs.
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    The common misconception

    A paid out R&D claim does not mean an accepted claim. HMRC enquiries jeopardise both the tax credit and the client relationship when technical flaws are exposed.
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    Shrinking the estate, but at what cost?

    The transformation of HMRC into 13 regional hubs continues, but the National Audit Office casts doubt about the cost savings. The delay to Making Tax Digital for Business threatens the projected additional revenue promised in return for the transformation investment.
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    The inevitable MTD delay

    It had to happen. A constrictive timetable, a largely ignorant business population and an unexpected election result all contributed to MTD being postponed.
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    What's popular this month?

    A revenue-seeking HMRC pursuing professionals following incorporation, IHT enquiries rising sharply and gender pay feature in this month’s round up
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