Shows
Larking Gowen InsightsHMRC latest – Reflections on the Spring Budget and Corporate Tax RoadmapVAT Director Gillian McGill and Tax Partner Dominic Carter discuss the latest updates from HMRC focusing on corporation tax measures, transfer pricing, permanent establishment, diverted profits tax, payrolling benefits in kind, and the implications of changes to the capital goods scheme for VAT. They also touch on the future of electronic invoicing and the government's commitment to reducing paperwork in taxation. They highlight the importance of understanding these changes for businesses and the ongoing consultations HMRC allow for stakeholder input. GET IN TOUCH! If you have any questions about today’s episode or would like us to ge...2025-07-0128 min
Larking Gowen InsightsUnderstanding VAT and SDLT in property dealsDominic Carter and Gillian McGill discuss the complexities of taxation for property purchases, focusing on VAT implications, stamp duty land tax (SDLT), and the annual tax on enveloped dwellings (ATED). They emphasise the importance of understanding the nature of property acquisitions, the differences between commercial and residential properties, and the tax implications of corporate versus individual ownership. They also highlight changes in SDLT and the necessity of seeking professional advice to navigate the intricate tax landscape. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in to...2025-04-0226 min
Larking Gowen InsightsHMRC Penalties – what do you need to know?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’ that HMRC can use to reduce the level of penalties applied by HMRC and how this is still open to interpretation. They also provide some practical tips for managing errors in your o...2023-02-1624 min