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Dedicated service launched for medium-sized businesses

A new service to help mid-sized businesses as they expand and grow, has been launched by HMRC.
Intended to help growing entities with a turnover above £10m or more than 20 employees, the growth support service will:

help with tax queries about their growing business;

supply accurate information and co-ordinate technical expertise from across HMRC; and

support them to get their …

Read more here:: Taxation

In brief

RPI
The retail prices index for August was 274.7.

Off-payroll working
HMRC has updated its guidance Off-payroll Working through an Intermediary (IR35) to clarify that the off-payroll rules may apply if an agency, umbrella company …

Read more here:: Taxation

Fraudulent use of details on manchesterbased.co.uk

It has come to our attention that fraudsters have created a business listing on manchesterbased.co.uk and have used some of our details in order to try to make their listing look more genuine.

Please be aware that this listing is NOTHING to do with us. The telephone number that they are using, 0161 814 1325, is also NOTHING to do with us.

We have reported the listing to manchesterbased.co.uk and hope to have it removed as soon as possible, and for the website to better vet their listings in future.

Adviser must remove HMRC’s logo from its promotional material

Wealth adviser Knight Wolffe has been admonished by the Advertising Standards Authority (ASA) for misleading information and using HMRC’s logo in connection with an income trust scheme.
The advertising regulator ruled in favour of the Revenue after it complained about content on the financial firm’s website. The ASA stated that website ‘misleads by omission’ by failing to mention the government tools and policies on …

Read more here:: Taxation

R&D tax relief claims increase

HMRC has revealed a 19% year-on-year rise in the number of claims for research and development (R&D) tax credits submitted by companies in 2015-16.
The latest data shows that companies submitted 26,255 claims for R&D tax credits in the period, up from 22,445 in 2014-15. Total claims rose to £2.9bn, …

Read more here:: Taxation