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Latest News & Events
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HMRC confirm 326 businesses hit by ‘Sugar Tax’
HMRC has confirmed that 326 soft drinks manufacturers have been hit by the so-called ‘Sugar Tax’, our research shows.
The Soft Drinks Industry Levy was introduced on April 6, and taxes manufacturers 18p per litre produced if the drink contains 5 grams of sugar per 100ml, and 24p per litre for more than 8 grams of sugar.
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Brand new taxes introduced since the recession hit taxpayers for £28 billion
The UK Government has taken an £27.9 billion from taxpayers since the credit crunch through the introduction of brand new taxes,* our research shows.
The eight brand new HMRC taxes and levies introduced since the credit crunch, such as the Sugar Tax and Diverted Profits Tax, added a quarter to the total number of taxes collected by HMRC. There are now 36 major taxes collected by HMRC.
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Tax on employees’ perks soar by nearly 20% to £3.3bn
The value of tax that employees have had to pay on their job perks has soared by nearly 20% in the past year, up from £2.8bn in 2015/16 to £3.3bn in 2016/17, our research shows.
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Charity and not-for-profit sector outlook 2018/19
The end of 2017 and early 2018 have been eventful for the charity and not-for-profit sector. Serious incidents, particularly in relation to safeguarding, have occurred which have been widely publicised.
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Vertu Motors acquisition of Hughes Group Holdings Limited
Our automotive team, led by Paul Daly, advised the management of Vertu Motors on the purchase of Hughes Group Holdings Limited.
Download our latest Dealsflash for more details.
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The death knell of IR35?
For as long as I can remember, the status of an individual for tax purposes is something that has been a hot topic, both for advisers in saving clients tax and NIC, and for HMRC in targeting such tax ‘avoidance’.