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Crime

Protecting Your Business Against Fraud

Instances of fraud have increased during the pandemic – what can you do to help mitigate the risks? Throughout the Covid-19 pandemic, businesses have experienced an increase in the level of fraudulent activity. Many companies have moved their business activities online and with more employees now working from home, there are increased opportunities for fraudsters […]

Read more July 16th, 2021

HMRC Warning Not To Use Unfunded Pension Arrangements

HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and National Insurance contributions. HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using these arrangements and make sure the correct tax is paid. Users of these arrangements may […]

Read more July 13th, 2021

Protect Your Business Against Fraud

In these uncertain times, businesses are combatting an increased amount of fraud. It is more important now more than ever with the rise of those working from home and accessing secure business networks. Throughout recent months, there have been widespread reports of an increase in fraudulent websites, charity scams and fake emails purporting to be […]

Read more October 26th, 2020

Numerous Fraudulent CJRS Claims Identified

HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims. Examples of such wrongful claims include; Claiming furlough payments for staff who are continuing to work Furloughing staff but asking them to work “voluntarily” on an unpaid basis. Claiming furlough payments for “ghost” employees, and those who left employment before 19 […]

Read more September 7th, 2020

Increase In Fraud And Cybercrime

The Government has issued advice and guidance on how to protect yourself and your business from fraud and cybercrime. With all of the coronavirus support currently on offer to businesses, fraudsters are trying to exploit the uncertainty. The guidance suggests protecting yourself by: Stop Taking a moment to stop and think before parting with your […]

Read more April 29th, 2020

Tax Investigations Continue To Rise

During 2019 HMRC opened 300,762 investigations into self-assessment tax returns and collected an additional £1.2bn in extra tax as a result during the 2018/19 tax year. HMRC continues to come down hard on taxpayers that make mistakes on their tax returns. Taxpayers should always file complete and accurate tax returns as errors can lead to […]

Read more February 26th, 2020

Data Protection Fees

Companies which are not registered with the Information Commissioner’s Office (ICO) are currently receiving a notice that their Data Protection Fee may be due by 17 January 2020. Many companies will already have received this notice. Under the GDPR regulations arising in 2018, any business that processes personal information is required to pay this fee […]

Read more December 19th, 2019

Keeping Your Company’s Mobile Devices Safe From Malware

Industry reports from cybersecurity firms such as McAfee and Kaspersky Lab have identified that smartphone and tablet malware attacks are becoming increasingly widespread and more sophisticated. Most business professionals use smart devices these days. These electronic rectangles are basically small computers and can be infected with malware in the same way as a PC. Usually […]

Read more November 19th, 2019

Company VAT Penalty Can Be A Liability Of An “Officer”

A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company. HMRC have the power to impose such a penalty on an individual where: There is a penalty payable by the company for a deliberate failure The individual on whom HMRC […]

Read more August 12th, 2019

Cash And Digital Payments In The New Economy

One of the announcements in the Spring Statement was the possible demise of the 1p and 2p coins and the £50 note, but for different reasons. It seems that more and more of us are paying for small transactions using contactless payments. Those who pay in cash where the cost is say £2.99 we put […]

Read more April 23rd, 2018

“Abuse” Of The VAT Flat Rate Scheme

The VAT flat rate scheme is a simple scheme that enables small businesses to calculate and pay their VAT based on a flat rate percentage of total takings rather than deducting input tax on purchases and expenses and deducting that from total output tax on sales in the period. HMRC believe that the scheme is […]

Read more November 29th, 2016