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Latest News

We are growing!

We are growing!

Our ambitious expansion plans are coming to fruition and the eagle eyed amongst you may have noticed we have opened two new offices and increased the number of colleagues we employ. Our new offices in Birmingham city centre opened last year in ‘Northspring’ on 31...

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Even More Fantastic News!

Even More Fantastic News!

We have not just been listed once, but twice! Independent Tax is delighted to be shortlisted for Support Staff of the Year at the Yorkshire Accountancy Awards on 22 February 2024. This is alongside our shortlisting for Niche Firm of the Year. Sue Walker, our tenacious...

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Fantastic News!

Fantastic News!

Independent Tax is delighted to be shortlisted for Niche Firm of the Year at the Yorkshire Accountancy Awards on 22 February 2024. The judges commented on how strong the candidates were for this year, so to be shortlisted for any category is exciting and an...

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Now is the time to Disclose!

Now is the time to Disclose!

In an effort to collect more tax and bear down on evasion, HM Revenue & Customs (HMRC) has gained new powers which require UK based digital platforms to report information about people selling goods or services on their sites. I thought HMRC was already actively...

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Don’t miss the deadline!

Don’t miss the deadline!

It is that time of the year again, when anyone new to Self Assessment for the 2022/2023 tax year must tell HM Revenue and Customs (HMRC) by 5 October 2023. What does new to Self Assessment mean? In simple terms, it refers to someone who might have: Become self...

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HMRC identifies new target to increase VAT yield

HMRC identifies new target to increase VAT yield

HM Revenue and Customs (HMRC) has recently advised us, unlike many of our competitors, that it has now formed a specialist project team to target the rapidly growing cosmetic medical sector. The focus of attention is whether treatments such as Botox, fillers, teeth...

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HMRC and requests for securities if tax not paid

HMRC and requests for securities if tax not paid

HM Revenue and Customs (HMRC) can ask for a financial security if it believes a business may be at risk of not paying its taxes, whether that be Corporation Tax, VAT, PAYE, or National Insurance Contributions. The security demanded can be in the form of a payment...

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The Case of the Diminishing Musharakah

The Case of the Diminishing Musharakah

In these times of ever increasing mortgage interest rates, borrowers are naturally shopping around for the best deal they can, whether they are buying for the first time or re-mortgaging. But beware, if you choose the wrong mortgage product, you may attract the...

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Crypto and Tax

Crypto and Tax

Crypto assets are digital or virtual currencies which use cryptography to secure their transactions and control the creation of new units. The potential for huge profits from disposing of such assets has attracted attention from investors all over the world, as well...

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Reject and Deny!

Reject and Deny!

Reject the claim and deny the tax relief. That is the unfortunate reality of many Research and Development (R&D) claims submitted to HM Revenue & Customs (HMRC) at the moment. Not so long ago HMRC was happy to accept claims at face value, after some light...

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Support for professional practices

At Independent Tax we pride ourselves on being independent from other professional practices.  However, we do understand the importance of working with our peers, so, if you refer a client to us, we will rebate an agreed level of the fees back to you. Simple!