Yearly Archives: 2024


North East Shadow MPC –...

Event date: 1st Jan 1970

Experts from different sectors in and around the North East took part in the Shadow MPC. The MPC is a partnership between Clive Owen LLP and The Northern…

North East Shadow MPC – March 2024
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Accounting shift for sole tr...

Event date: 1st Jan 1970

In a significant development aimed at streamlining financial reporting for businesses, HM Revenue & Customs (HMRC) has announced a new basis of accounting for sole traders and partnerships.

Accounting shift for sole traders and partnerships announced by HMRC ahead of ‘Making Tax Digital’
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IMPORTANT – HMRC “hand...

Event date: 1st Jan 1970

Disclaimer: Further guidance on the tax treatment of double cab pickups has been provided, HMRC have reversed the decision to change the rules from 1 July 2024. You…

IMPORTANT – HMRC “hand brake turn” on Double Cab Pick Ups.
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Commercial vehicle tax updat...

Event date: 1st Jan 1970

WHEN IS A VAN NOT A VAN? HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi vans…

Commercial vehicle tax updates
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HMRC’s latest area of intere...

Event date: 1st Jan 1970

We understand that HMRC have issued a number of “nudge” letters aimed at those that may be undeclaring dividend income. These are sometimes known as “One to Many”…

HMRC’s latest area of interest – undeclared dividend income
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How Artificial Intelligence ...

Event date: 1st Jan 1970

We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in the future. AI…

How Artificial Intelligence is assessing the risk of tax evasion by businesses
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Payrolling benefits in kind

Event date: 1st Jan 1970

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end of the tax…

Payrolling benefits in kind
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Property expenditure – reven...

Event date: 1st Jan 1970

Work may be undertaken on a property to repair it or to improve it and it will not always be clear where the dividing line falls. The distinction…

Property expenditure – revenue or capital?
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Capital gains tax reporting ...

Event date: 1st Jan 1970

Since April 2020, where capital gains tax (CGT) is payable on the disposal of a UK residential property, this must be paid (and declared) within a certain number…

Capital gains tax reporting of residential property disposals – reminder
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