Ross Martin Tax

In light of the substantial increase in the living wage and National Minimum Wage (NMW) rates, employers must understand the implications and risks. Jeni Morris, Head of EY NMW Team, explores risks and identifies who might be most vulnerable. rossmartin.co.uk/sme-tax-new…

Last week the preoccupation was the Budget, but there was an Agent Update, too.  Topics covered included changes to HMRC's Agent Dedicated Line and Stamp Duty Land Tax (SDLT) on uninhabitable dwellings. Read our summary. rossmartin.co.uk/sme-tax-new…

Yes, it's more budget news and details. Our 'At a glance' story links to section-specific freeview summaries, while our subscribers have more detailed guides. But let's not forget an Agent Update and a new compliance Spotlight for partnerships. rossmartin.co.uk/sme-tax-new…

Have a look at our summary of the Budget announcements. rossmartin.co.uk/autumn-budg…

Here is our live feed summary of the tax and economic highlights of the Chancellor's Autumn Budget speech. rossmartin.co.uk/autumn-budg…

We have a bumper update for you this week including a timetable for Companies House reform, increased company size thresholds, a new HMRC tax avoidance spotlight, an avalanche of employment consultations and the most interesting tribunal cases of the week. rossmartin.co.uk/sme-tax-new…

Case: In Marisa Lincoln v HMRC [2024] TC09306, the First Tier Tribunal (FTT) found that an interest in properties situated in Malta held by a deceased individual was subject to UK Inheritance Tax (IHT). rossmartin.co.uk/sme-tax-new…

An expert panel, established by the previous Government, has published its report on establishing a corporate re-domiciliation regime. Further consultation is expected to move the proposals forward. rossmartin.co.uk/sme-tax-new…

This week we have HMRC’s latest Employer Bulletin, an update on corporate reporting for medium-sized companies, and progress on the UK’s establishment of a corporate re-domiciliation regime. More cases and updated guides too. rossmartin.co.uk/sme-tax-new…

It's not a scam. On 4 October 2024, HMRC e-mailed tax agents who may have more than one agent code, requesting that they provide details of their codes for Self-Assessment, VAT and Corporation Tax by 8 November 2024. Best not to ignore the request. rossmartin.co.uk/sme-tax-new…

This week we see HMRC introduce a new claims process for employee expenses, case law on the timing of dividend payments and the meaning of residential property for SDLT. We've created a detailed suite of new R&D guidance and new CPD webinars. rossmartin.co.uk/sme-tax-new…

Check out our free updated guide to the Research and Development (R&D) reliefs. What are the Merged RDEC or the SME credit schemes? What's the ERIS scheme? An easy-to-follow introduction to the controversial world of R&D claims. rossmartin.co.uk/r-d-patent-…

This week changes to HMRC agent helplines and news on fractional shares. In cases, two discovery assessment appeals succeed and the novel one this week: was an island a fish farm or residential grounds? FTT members could not agree. rossmartin.co.uk/sme-tax-new…

The professional bodies supervising AML enforcement amongst members have been told by the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) that improvements need to be made. While most comply, "pockets of ineffectiveness remain". rossmartin.co.uk/sme-tax-new…

This week we explore HMRC’s latest Agent Update which includes updated bank details for some tax payments, warnings on discrepancies with corporate losses, a worrying new report on Anti-Money Laundering supervision and news on digital assets. rossmartin.co.uk/sme-tax-new…

The Chancellor has revealed a strong appetite for reforming the UK’s tax system, starting with a review of electronic invoicing as one method to reduce retail fraud, a new chair of the HMRC Board and an additional 5,000 HMRC compliance staff. rossmartin.co.uk/sme-tax-new…

Hospitality sector alert. Dating back to a consultation process that began in May 2016, the much-anticipated Tipping Act comes into force on 1 October 2024 for England, Scotland and Wales. rossmartin.co.uk/sme-tax-new…

Companies with a 31 March 2024 year-end must submit an R&D claim notification by 30 September 2024 if the company is claiming R&D relief for the first time or hasn’t made a claim in the three years before the claim notification deadline. rossmartin.co.uk/sme-tax-new…

Scotland and Wales announce budget dates, hospitality should note changes on tips and there's a deadline reminder for R&D claims. Cases include the Supreme Court rematch between the Referees and HMRC which got kicked back down the league to the FTT. rossmartin.co.uk/sme-tax-new…

Ooh speculation. Autumn Budget 2024: What might we see? The Chancellor, Rachel Reeves, will present the first Budget of the new parliament on 30 October 2024. What do think? rossmartin.co.uk/sme-tax-new…