Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
23 November 2020
‘Eat Out to Help Out’ – HMRC begin compliance checksHMRC has begun to verify thousands of claims made under the Government’s ‘Eat Out to Help Out’ scheme earlier this year. Where HMRC’s records suggest that incorrect claims may have been made, businesses are being requested to check these and report any errors. Alex Docherty, Tax Partner, explains further.
19 November 2020
COVID could spell the end for smaller banks – but the Big Five must learn from them firstIt’s difficult to adequately explain the scale of the economic challenges brought on by COVID-19, but tectonic is probably about as close as you’ll get. Like the shifting continental plates beneath our feet, the very structure of the economy is moving and reshaping due to the coronavirus pandemic. All sectors will have to adapt to these changes, but it is particularly important that the banking sector is prepared.
19 November 2020
Festive Furlough – the importance of consulting the Job Retention Scheme guidanceNow that the extended Job Retention Scheme (JRS) is well underway, and with the festive period just around the corner, employers may be tempted to put their employees on furlough when they close their doors for Christmas. While this may seem attractive, employers need to be mindful of the guidance and the risk of making a claim which is not within the legislation or spirit of the scheme.
18 November 2020
Top tips for transfer pricingTransfer pricing refers to the terms and conditions of transactions between associated parties, such as companies within the same group. In this blog, we explain why transfer pricing is an important consideration for international and UK-based businesses and our top tips for ensuring you are compliant with this often-complex legislation.
18 November 2020
Transfer pricing under the spotlight for tax authoritiesFor businesses operating internationally, transfer pricing (TP) requires proactive decision-making to reduce the tax risk inherent in operating in multiple tax jurisdictions. Without efficient transfer pricing policies in place, the businesses can suffer from double taxation, whereby the same income is taxed in two countries. Businesses are increasingly focussed on ensuring that their policies are robust enough to stand up to increased scrutiny from tax authorities around the world.
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