Posts Tagged ‘Tax’
What Triggers an HMRC Investigation?
HMRC has a legal obligation to ensure taxes are reported accurately and honestly across the UK. Each year, its compliance teams carry out a significant volume of checks and investigations against both businesses and individuals. In 2024/25 alone, HMRC secured £48 billion in compliance yield, money that would otherwise have gone unpaid, and it is…
Read MoreBenefits in Kind Tax for Employees
Managing employee tax correctly is essential for any business, and benefits in kind (BIKs) are one of the areas where companies most commonly fall short. At Hysons, we regularly support businesses with company tax returns and planning and BIK reporting is a recurring theme. This guide explains what you need to know. What Are Benefits…
Read MoreWhat the Income Tax Rate Rises From April 2027 Mean for Your Take-Home Pay
UK taxes and reporting have undergone a variety of changes in recent years. In April 2027, this will change again as tax rates are set to increase. While the headline of the changes may not sound too intimidating, every employee and business needs to consider what these rises mean. In this blog, we’ll explain what’s…
Read MoreWhy Avoid Using AI for Tax Advice
You would be hard-pressed to find an industry that hasn’t built up a reliance on AI for day-to-day support. However, although artificial intelligence is a proven way to help companies run efficiently, there are some areas where it can cause more harm than good. In this article, we will explore the issues that can arise…
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