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Prepared for phishing?

At the time of writing, reports are swirling around the media about the hacking and release of the personal health records of international athletes. Reportedly the hackers gained access to the information through the use of a targeted phishing scam. The targeting of the world anti-doping agency in this way should act as a warning…

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Remembering charities

The week of the 12th to 18th of September 2016 has been designated as Remember a Charity week.  Whilst the message is serious, the team behind the week has come up with all sorts of interesting and fun ways in which to get the message across. For example, Aardman Animations, the team behind Wallace and…

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The UK is Open for Business!

Various opinion polls and surveys may suggest a degree of uncertainty surrounding the UK’s long-term prospects following Brexit; but so far as the British Government is concerned, the strong message is that the UK is very much open for business. So much so, that the UK’s Department for International Trade recently published data showing that,…

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Tackling the hidden economy

£6.2billion. That’s the size of the tax gap in 2013/14 according to HMRC.  Putting this into context, that’s less than half of the back taxes which the EU estimates Apple owes the Irish government but nevertheless it’s a gap which HMRC and the UK government would quite like to close. Accordingly HMRC have recently issued…

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Newshams Tax Advisers Employment Tax Alert

Proposed Reforms to the Taxation of Termination Payments   Following on from the Government’s consultation on the taxation of termination payments launched in July 2015, HM Revenue and Customs has recently issued a further consultation document, including draft legislation, with the aim of making the law surrounding termination payments much simpler and fairer.   What…

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Boosting charitable giving

Whenever we write about charitable operations and charity giving, it is hard to get away from the fact that as a nation we are very generous in our support for charitable causes. This observation was highlighted yet again recently when the Charities Aid Foundation (CAF) announced that donations paid via the foundation for 2015/16 reached…

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Making tax digital

It’s fair to say that the government’s making tax digital initiative hasn’t always received a good press. Dismayed by the thought of having to effectively submit four online tax returns each year, more than 100,000 small business owners and their accountants signed an online petition which resulted in a parliamentary debate in January of this…

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Pensions and tax

To what extent have the pension freedoms brought in by the government been adopted by the public? With reporting in the initial phase being voluntary, statistics for the first four quarters since the scheme went live have been seen as indications only. However, Q2 of 2016 has seen the first set of compulsorily reported statistics…

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Landlords – tax changes await

If you are the landlord of a residential property then it may pay to start reviewing your tax arrangements before the taxman reviews them for you. Phased in over four years from April 2017, the tax relief that landlords can obtain in respect of finance costs will be restricted to the basic rate of income…

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Post-Brexit.. A Week in taxes

Another week on and what have we learnt about the post-Brexit world?  Well in truth not a lot as everything is in limbo even if the Conservative leadership election looks as though it is going to be settled earlier than expected.  Rumours and counter rumours swirl around but a few gems have emerged from the…

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