The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. For 2021/22, the gap was at an all-time low of 4.8% (or ...
Forrester Boyd News
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12th July 2023
Businesses failing to pay minimum wage
Just over 200 businesses – including some of the country’s best-known retailers – have failed to pay the minimum wage and will have to repay workers and face penalties of up to £7 ...
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12th July 2023
HMRC offers options on undeclared wealth
HMRC is offering taxpayers named in the leaked Pandora Papers a chance to correct their tax affairs. The October 2021 leak involved almost 12 million documents revealing hidden wea...
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12th July 2023
National insurance gap extension
The normal time limit for a person to fill gaps in their national insurance (NI) record is six years, but transitional arrangements allow gaps to be filled back to 2006/07. The dea...
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10th July 2023 - Academies
Education & Skills Funding Agency update
New correspondence relating to Education and Education and Skills Funding Agency was released last week, including a letter from David Withey, chief executive of the Education and ...
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4th July 2023 - Academies
To MAT or not to MAT?…now that is a question.
Wilkin Chapman LLP and Forrester Boyd, Chartered Accountants hosted an education conference on 28th June at Glanford Park. The firms both discussed the changes in the academies lan...
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27th June 2023
VAT: HMRC's new online self-service time to pay
The HMRC have recently launched an online self-service 'time to pay' facility.
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8th June 2023
More action to counter fraud
The government has announced a new initiative to counter fraudulent activity, particularly in the financial sector.
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8th June 2023
Selling power back to the grid
With continuing high electricity prices, now could be a very good time to install solar panels at your property. Unless an expensive solar battery is part of the system, it makes s...
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8th June 2023
More estates paying IHT
The combination of a frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IHT net. The average IHT bill is now nearly...
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