Earlier this month, the government launched a voluntary repayment scheme allowing individuals and businesses to return Covid support funds without penalty or investigation, provided repayment is made by 31 December 2025.
While this may sound low-key, the implications are significant, particularly for directors of owner-managed businesses who received financial support during the pandemic. This three-month window provides an opportunity to proactively resolve any concerns about past claims.
In an earlier Tax Tuesday blog on tax investigation, we discussed the impact of the Chancellor’s crack-down on compliance in 2025. The new Companies House ID requirements are part of this wider move to increase transparency and will affect all those involved in...
On 31 July 2025, Amie Wilson (Operations Director at Harold Sharp) and Paul Andrews (Omny Group), hosted a focussed roundtable on the benefits of Salary Exchange. This month’s Tax Tuesday distils the discussion into practical takeaways every employer should consider....
Ever since the Chancellor confirmed a crack-down on compliance in the Spring Statement, we have seen a ramp-up in investigative activity by HMRC – with the latest announcements citing a wave of new tax investigations targeting high-income earners. With new...
If your business provides company cars or reimburses employees for business mileage, then Advisory Fuel Rates (AFRs) are something you need to stay on top of. Set by HMRC and updated quarterly, AFRs are the recommended rates you can use to reimburse employees for...
“What’s the most tax-efficient way to extract cash from my company?” is one of the most common questions asked by owner-managed businesses. It’s a fair question and one that, until a few years ago, had a straightforward answer: “Take a salary up to your personal...
