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Top M J Bushell News
London, England · LondonThe Freedom of Information request to HMRC shows that it has issued more than £16 million in fines to mid-sized businesses for Corporation Tax failings. This is eight times the size of fines issued to this same size of business when compared to five years ago, with many of the fines the result of issues with R&D tax relief and transfer pricing. The request, submitted by law firm BCLP to HMRC’s wealthy and mid-sized business unit, shows that comp…See the Story
£16m in fines issued by HMRC to mid-sized businesses for Corporation Tax
United Kingdom · United KingdomOne of the biggest changes brought about by the Autumn Budget was a larger-than-expected increase to the National Living Wage (NLW) and National Minimum Wage (NMW). For businesses that are already straining under the yoke of payroll compliance and considerations, the rises will likely increase the administrative burden. We want to take a look at how the new wages might increase the complexity of payroll obligations. How will rising wages make pa…See the Story
How will the upcoming changes to the National Living Wage affect payroll compliance?
Inflation · United KingdomIf your business provides company cars or vans with fuel for private use, there is another cost increase on the horizon. HMRC has confirmed that car and van fuel benefit charges will rise for the 2026/27 tax year, in line with inflation, with the car fuel benefit multiplier increasing to £29,200 from 6 April 2026. While this change is driven by inflation rather than policy, it still has real tax and National Insurance consequences for both emplo…See the Story
