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Spring 2021 Budget – First Thoughts

by | Mar 3, 2021 | budget, Covid19

Please note this content was written contemporaneously, and may well now be superseded Our first thoughts on todays budget.  As always these thoughts are “hot of the press” from our review of budget documents published today, and as is often the case there...

HMRC in £4.5bn compliance crackdown

by | Apr 7, 2020 | ACCA, budget

More staff and funding for tax compliance and investigations teams.  HMRC has been given the budget to increase compliance and investigation team headcounts by 1,300, with an expectation that they will raise an additional £4.5bn in tax by 2025, including measures such...

Changes to protect tax in insolvency

by | Apr 2, 2020 | ACCA, budget, HMRC

HMRC moves up creditor hierarchy. Despite concerns raised from many businesses, legislation will be introduced in Finance Bill 2020 to amend the relevant section of the Insolvency Act, Bankruptcy (Scotland) Act 2016 and the Insolvency (Northern Ireland) Order to move...