Hedge fund managers are being closely scrutinised by HM Revenue &
Customs amid suggestions of a crackdown.
The Financial Times says today that the practice of channeling
management fees to offshore jurisdictions is being examined. The fees, for
marketing or other services, have to be justified by being paid for at
HM Revenue & Customs neither confirmed nor denied that it was increasing
its scrutiny of hedge funds, according to the report.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory