Larking Gowen Insights

HMRC 'nudge letters' - what are they, why do HMRC issue them, and what should you do if you receive one? Tax experts Gilly McGill and Dominic Carter discuss what the term covers – commonly known as 'one-to-many letters' and how HMRC identify recipients through data submitted to them or issues common to a sector. They discuss how the decline in human resourcing to investigate impacts this process....

Medical specialism partners, Lizzy Lloyd and Louise Dean, discuss the compulsory transfer of members to the 2015 NHS Pension Scheme, the resulting McCloud judgement, and how the McCloud Remedy was born. They discuss the choices available to members and implications relating to the Annual Allowance Tax Charge, and its impact on previous tax returns. Louise also gives an overview of the Annual Allow...

VAT director Gillian McGill and tax partner Dominic Carter discuss recent tax headlines as well as changes in the new VAT penalty regime. The previous regime wasn't flexible, with harsh penalties for late VAT returns and payments, often disputed in court, but the new system which came into effect on 1 January, launched with seemingly positive changes. They discuss the concept of 'reasonable care'...

VAT Director Gilly McGill was a little disheartened after the Autumn Statement, as she initially thought the revisions on VAT were lacking. However, a post budget discussion with Tax Partner Dominic Carter brought the impact of fiscal drag to the table which, on closer inspection, will have implications across all taxes. In this episode they discuss inflationary impact, the increase in businesses...

Employment Tax Specialist Tessa Brown is getting in the festive spirit this week, and what's more festive than tax!     Many businesses will be looking at handing out gifts and throwing parties for their teams over December, so Tessa outlines all the important HMRC info they need to consider. She explains the definition of Trivial Benefits and Annual Functions Exemption as well as the implications...

Tourism specialists, Julia White and Martin Sanders, chat about the impact of the cost-of-living crisis and other current economic strains on the sector. They discuss VAT, energy costs, staffing and what they're seeing within their clients' businesses, and explore how to relieve the pressure.  You can find Martin's and Julia's details on the Our People section of our website here - please reach ou...

Bridie Iachetta is an Assistant Manager and tax expert within our Business and Private team. In the first of our new series of podcast Insights, she explains how crypto works, what the UK tax and inheritance implications are with crypto and what assets actually are. She then explains the terminology, including mining, airdrops, forking, tokens and NFTs, and what you really need to know if you plan...

Welcome to Larking Gowen Insights  – accountancy and business advice for all -  the series that gives you bitesize tips and guidance on tax, funding, legislation, reforms and more, with case-studies, business advisory and sector specials and interviews to give you the full picture of life in business. Our team of experts are committed to helping you navigate the world of accounting and finance. TH...