Steve Maggs Tax Blog

The world of tax is fast moving, ever changing and constantly evolving. Through my Tax Blog I hope to bring you important tax changes and advice and help you keep abreast of developments in this ‘taxing’ world! If you’d like any further information please call me on 01872 276116 or email me at  You can also follow me @TaxCornwall.

Second Finance Bill of 2017 Published

Posted on: September 19th, 2017 by Tim Buringham

19 September 2017

The second Finance Bill of 2017 was published 8 September, with a range of policies that had been dropped from the earlier bill due to the snap election now re-added as anticipated.


First Tier Tribunal Say ‘Neigh’ to HMRC

Posted on: September 15th, 2017 by Tim Buringham

15 September 2017

A recent case heard at tribunal has confirmed the availability of Business Property Relief and Agricultural Property Relief, but also potentially widened the net with regards to other agricultural businesses qualifying in the future.


The End of Disincorporation Relief

Posted on: September 12th, 2017 by Tim Buringham

12 September 2017

Although not available to all companies, March 2018 will see the cessation of one of HMRC’s corporation tax reliefs – Disincorporation Relief


New Employment Status on the Horizon?

Posted on: September 8th, 2017 by Tim Buringham

8 September 2017

On 1 May 2017, the House of Commons Work and Pensions Committee published its report into the new employment status ‘worker’ following dramatic growth in the buzz term of the moment, the ‘gig economy’.


HMRC Crackdown on SME Tax Evasion

Posted on: August 24th, 2017 by Tim Buringham

24 August 2017

HMRC collected an extra £3.4bn from SMEs in VAT underpayment in 2016-2017 as part of a crackdown on tax evasion.


Is Your Business Missing Out On Research & Development Tax Relief?

Posted on: August 22nd, 2017 by Tim Buringham

22 August 2017

Too many companies miss out on the possibility of claiming tax relief on R&D because they do not realise they are doing it! As a strong supporter of SME growth in Cornwall, I wonder: how many businesses are currently missing out across Cornwall?


National Minimum Wage Update

Posted on: August 16th, 2017 by Tim Buringham

16 August 2017

HMRC have announced that their NMW/NLW enforcement budget is set to increase by a further £5.3m, following an increase of £20m in 2016.


Making Tax Digital Update

Posted on: August 1st, 2017 by Tim Buringham

1 August 2017

We recently reported on the news that the government had announced its intention to delay the implementation of Making Tax Digital. A helpful PDF summary of the announcement, and what we know about Making Tax Digital so far, can be downloaded from our website here.


Increasing Number of People Paying Lifetime Allowance Charges

Posted on: July 27th, 2017 by Tim Buringham

27 July 2017

An increasing number of taxpayers are being caught out by decreases to the pensions lifetime allowance.


Making Tax Digital Delayed

Posted on: July 17th, 2017 by Tim Buringham

HMRC have announced that the timeframe for Making Tax Digital has been extended to allow businesses more time to prepare.


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