Insights
News • Charities and Not-For-Profits • Consumer • Education • Energy • Professional Practices • Real Estate and Construction
May VAT developments
News • Charities and Not-For-Profits • Consumer • Education • Energy • Professional Practices • Real Estate and Construction
From funded education and EV charging to charity reliefs and food VAT classification, several recent VAT cases and HMRC developments could have wider implications for organisations across multiple sectors. Below, we summarise some of the latest Tribunal decisions, HMRC updates, and what businesses and charities should be aware of.
Insight
Delays, enquiries, and uncertainty: The new reality for R&D tax relief
Insight
Last month, we hosted an exclusive roundtable breakfast for finance and operational leaders, focused on the changing R&D tax relief landscape. Ahead of the event, we were hearing the same thing from many of our clients: the process is increasingly complex, is incredibly time-consuming and the worry of getting the claims process wrong is putting people off.
Insight • News • Real Estate and Construction
Barbara Bento features in HMRC Enquiries, Investigations, & Powers Magazine
Insight • News • Real Estate and Construction
Barbara Bento, Tax Disputes and Investigations Partner, has contributed an article to HMRC EIP Magazine examining HMRC’s strengthened Construction Industry Scheme (CIS) powers and the risks now facing contractors.
Insight • Hospitality
2026 World Cup trading hours and tipping compliance: why pubs should review their tronc arrangements now
Insight • Hospitality
Longer opening hours and increased footfall during the 2026 World Cup could place added pressure on how pubs manage tips and service charges. We explore the operational, compliance, and NIC considerations hospitality businesses should not overlook ahead of a busy summer.
News • Real Estate and Construction
The challenges reshaping UK real estate development
News • Real Estate and Construction
Our Real Estate team recently spoke with Bisnow about the viability pressures continuing to reshape the UK development market, from planning delays and financing constraints, to rising construction costs and evolving regulatory requirements.
Insight • Real Estate and Construction
Structured real estate debt: the hidden tax costs of “interest”
Insight • Real Estate and Construction
Where property values have reduced and traditional funding terms are harder to achieve, structured debt can be an effective way to support transactions. Structured debt arrangements bridge valuation gaps or lender risk appetite by combining a conventional coupon with equity‑like economics, such as profit participation, IRR hurdles, contingent returns, or exit‑linked fees.
Manufacturing
Claiming R&D tax relief in manufacturing: A practical perspective
Manufacturing
Key discussions at MACH 2026 highlighted a major issue for the UK: a strong ability to generate innovative ideas, but a persistent challenge in scaling them into successful businesses. An R&D tax relief claim can assist in bridging the gap to scale up, but successful claim hinges on three things: clear eligibility, robust documentation, and a defensible link between qualifying activities and costs. In this article, we outline how to approach a robust, supportable manufacturing R&D claim
Insight • Financial Services
R&D tax relief in the Financial Services sector
Insight • Financial Services
Within the financial services sector, innovation is rarely superficial. It often involves deep technical and mathematical problem‑solving, delivered within highly constrained environments whilst achieving low latency, high throughput and regulatory compliance. All of this must be delivered whilst facing increasingly tight cost controls.
UK Inheritance Tax (IHT): Reporting requirements for non-UK long-term residents
When someone who was not a long-term UK resident dies – or, for deaths before 6 April 2025, was non-UK domiciled – while holding UK assets, the UK IHT reporting requirements can be difficult to understand. We’ve outlined these requirements in this article, including why reporting may still be required even when no IHT is due. In particular, we focus on how the reporting rules apply to “excepted estates” in these circumstances.
Insight
HMRC tax investigations are becoming more targeted: how AI and data analytics are changing HMRC enquiries
Insight
HMRC is using AI and data analytics to identify discrepancies faster and more accurately than ever before. Tax investigations are no longer driven by random checks alone, with enquiries now increasingly triggered by digital records, online activity, and automated risk analysis.