Blog

20 Nov 2024

British Retail Consortium

The UK’s largest retailers have written to the Chancellor calling for an urgent meeting, warning significant hikes in employment costs cannot be absorbed with only five months’ notice.

20 Nov 2024

Farmers & Inheritance Tax (“IHT”)

20,000 farmers went London this week to protest against the abolition of inheritance tax relief (“APR”)for agricultural land. Organised by the National Farmers’ Union, the intention was to march to Westminster and back but due to the size of the crowd and safety concerns this was stopped.

18 Nov 2024

Grand Prix Scam

A fake hospitality company has been shut down by the Insolvency Service after selling £230,000 of fake British Grand Prix hospitality tickets.

06 Nov 2024

Tax Briefing - Autumn Budget 2024

The Chancellor has announced that the main rate of secondary Class 1 national insurance contributions (NIC) for employers will increase by 1.2 percentage points from 13.8% to 15% from April 2025.

28 Oct 2024

Prime Minister defines ‘working people’ as anyone who is paid a monthly pay cheque

With days to go until the Budget, Labour’s interpretation of working people is under the spotlight as the party’s election manifesto said that these taxpayers would be protected from tax rises.

25 Oct 2024

Most Income Tax Paid in London

Residents of London and the southeast of England pay more than a third of UK annual income tax, with Kensington & Chelsea, Elmbridge in Surrey and northeast Cheshire topping the list.

23 Oct 2024

HMRC Service Levels Plummet Again

The number of businesses being negatively affected by HMRC’s poor service has shot up by 23% in less than six months.

16 Oct 2024

Naomi Campbell – A Model Trustee?

The Charity Commission (“CC”) has concluded a statutory enquiry, finding multiple instances of misconduct and mismanagement at the Fashion for Relief, which raised nearly £5m in income from donations.

14 Oct 2024

Takeaway Owners’ Feeble Excuses For Not Paying Tax Not Accepted By HMRC!

In an unusual move, the First Tier Tribunal (“FTT”) agreed to give this taxpayer, “Mr E”, anonymity after he persuaded the judge that his extended family, who lived in a foreign country, would have their lives put at risk if his name was revealed as they had sent him large amounts of money ‘secretly’.

09 Oct 2024

A Cruiser's Delight Or Nightmare

The Villa Vie Odyssey ("VVO") cruise ship, stuck in Belfast for five months, might give long-term and permanent cruise passengers some tax issues.

04 Oct 2024

FCA Fine Starling Bank £28m for AML Failures

The Financial Conduct Authority (“FCA”) has fined Starling Bank for failing to follow anti money laundering (“AML”) checks when opening accounts for high risk customers.

30 Sep 2024

London Chambers "loses" £2.75 million

The former credit control manager of Pump Court Chambers ("PCC") has been accused of diverting money owed to barristers into her bank account. Gillian Goodfield worked for PCC until June 2024.

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