July 2024
Watch out for the gaps: small businesses bear the brunt of the tax deficit
Introduction It appears that small businesses may be causing a tax deficit, with a recent problem of Age of Accounting highlighting that around 60% of the UK’s tax gap for 2022-23 was attributed to small businesses. The tax gap, for those who don’t know, is the difference between the taxes actually collected by HMRC and […]
A guide to civil litigation
Are you facing a disagreement or legal problem? We know that dealing with legal matters can seem overwhelming, especially if you are unfamiliar with the world of law. In the first three months of 2023, 443,000 civil lawsuits were filed in the county court, the highest number in three years, according to Civil Justice data. […]
High incomes and moving abroad
The changing tax landscape in the UK: high earners and the exodus abroad Introduction In recent years, the UK has seen a significant change in its tax landscape. There are now 2.8 million more taxpayers compared to 2010. This change has concentrated the tax burden on a smaller segment of the population, with more than […]
A guide to some of the most notable British legal cases
In the ever-changing landscape of the UK legal system, certain cases shape the course of legislation and set crucial precedents for future judgments. Join us as we take a look at some of the UK’s most notable legal cases. By delving into these legal battles from recent history, we offer insight into the intricacies of […]
HMRC investigations
Make sure your taxes are dotted and t’s crossed, as HMRC investigations are increasing. Over the past year, HMRC has significantly increased its tax investigations, opening around 250,000 new investigations. Many of these requests have targeted high net worth individuals (“HNWIs”) and small businesses. Using cutting-edge technology and artificial intelligence, HMRC can now identify potential […]