Recent Tribunal decisions in favour of employing companies and against HMRC has caused many organisations in similar circumstance to make protective claims for the recovery of National Insurance Contributions (NIC)…
Read more
In the weeks before any Budget or Autumn Statement there are always leaks and rumours. Normally, in the run up to a General Election there are also tax give aways…
Read more
In order that we can help predict your taxable profits and tax liabilities we need up-to-date profit figures and projections. One of the advantages of keeping your business accounts in…
Read more
Draft legislation released for consultation on the 18th of July indicates that business and individual taxpayers will be required to provide more information to HMRC in the next few years.…
Read more
If an individual pension holder passes away before age 75, drawdown pensions paid to a successor can generally be received free from income tax. Where the pension holder passes away…
Read more
The government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure on research and development (R&D). For expenditure incurred…
Read more
HMRC interest rates are linked to the Bank of England base rate. Late payment interest is set at the base rate plus 2.5%. Repayment interest is set at the base…
Read more
At MMG Chartered Accountants, we firmly believe retirement should be a golden period marked by peace, enjoyment, and above all, financial security. Achieving this comfort hinges on gaining clarity about…
Read more