Markel Tax

Next week we’ll be attending the Alternative Events - Alternative Accountancy Management Summit on the 5th - 6th March at Wyboston Lakes, St Neots. We are dedicated to delivering robust insurance cover and expert tax consultancy to support your growth aspirations, and empower accountants with a suite of services to boost your impact and help you make a meaningful difference. To understand how we can support you, make sure to come and speak to Giordano Goggioli and Justine Dignam on the Markel stand. #WeareMarkel

55% of accountants say their mental health is suffering because of increasing levels of stress. How can we help them cope? Read the article here: https://bit.ly/41lTI3J #WeAreMarkel

If you’re attending the City of London Corporation's Access to Finance for SMEs conference at Guildhall, City of London tomorrow, join us at 15:45 for the panel session featuring Justine Dignam The session will explore routes to business growth and provide an overview of the different opportunities for early-stage businesses, including Loans, Grants, R&D Tax Incentives/Reliefs, and Debt Financing/Invoice Factoring. We look forward to seeing you there! #WeAreMarkel #PeoplePowered

Our Markel Tax experts were recently invited by Contractor UK Limited to share our tax insights on the high-profile HMRC case involving former Manchester United and England captain, Bryan Robson. David Harmer, associate director at Markel Tax, provided his perspective on the case and highlighted that Bryan Robson didn’t “win” the majority of his IR35 case. Instead, most of the years assessed by HMRC were outside IR35’s scope, rendering the legislation inapplicable. For a detailed look at our assessment of the case, you can read the full article here: https://bit.ly/42LzscN #MarkelUK #taxexpertise, #IR35, #taxlaw #HMRC, #ContractorUK, #taxinsights #BryanRobsoncase

With #HMRC launching new guidance encouraging claimants of Research and Development (R&D) tax credit to come clean if their claims may have been incorrect or excessive, John Lewis, one of our senior tax investigations consultants, explores the initiative further with Taxation magazine. HMRC will potentially reduce penalties for revised claims, but there are still a range of issues and challenges that claimants need to understand in a sector that has been prone to unscrupulous advisers in the past. Read the article here and get up to speed with the latest R&D claims advice:  https://bit.ly/4jtYOBW #MarkelUK #RandD #HMRC

After a busy month of interviews for our team, here’s a look back at Markel Tax's expertise highlights from the last month: 🏅 Accountants can turn macro risks into rewards: https://lnkd.in/egtZ7HMj 🛣️ Rocky road ahead for umbrella companies: https://lnkd.in/eXsk-bNz ✉️ New review offers closure on loan charge enquiries: https://lnkd.in/edMEFkkP 🏆 Markel announce headline sponsorship of the 2025 Tolly's Taxations: https://lnkd.in/ezHbMNCa You can check out more of our news and insights over on our website here: https://lnkd.in/eDNUyMRz #WeAreMarkel #PeoplePowered

We were recently invited to contribute to Taxation’s Readers’ Forum, sharing our expertise on two key topics: VAT registration for schools and business property relief (#BPR) inquiries. Our VAT Consultant, Gaynor Dunmall, highlighted upcoming changes: from next year, private school fees will see a 20% VAT. This applies to 2024 payments for 2025 terms, with VAT liability linked to the effective date of registration once the £90,000 threshold is crossed in a given timeframe. Andrew Marston, our Tax Advisory Manager, clarified BPR, explaining that it is unavailable for businesses primarily involved in securities, shares, land, or investments. However, relief is possible if over 50% of a company’s assets and profits derive from trading activities. For deeper insights into these two topical tax issues, check out the full responses below: https://bit.ly/4j42pqh #WeAreMarkel #VATOnSchools #BusinessPropertyRelief

Gary Lineker and HMRC reached an out-of-court settlement after a seven-year dispute over his IR35 and employment status. Markel Tax provided insights, noting that HMRC would have recouped far less than the initial £4.6 million claimed. Read more about the dispute here: https://bit.ly/4h9Ezrn #WeAreMarkel #PeopleFirst

Happy New Year from all of us at Markel Tax! Thank you to our customers, partners, and employees who made 2024 an incredible year. We look forward to all the great things ahead in 2025.

From raising money for multiple charities, to servicing 240,000+ new business calls, our teams at Markel have had an incredibly busy 2024! With so many fantastic initiatives taking place in just one calendar year, it was impossible to celebrate only one. All of these successes would not have been possible without the support from our amazing partners and customers, and with you by our side, we’re all looking forward to what 2025, and beyond, will hold – we extend our thanks again to you all. If you want to look at 2025 differently, and you’re ready to play your part in something special, check out our open vacancies today and join the 70+ new starters we welcomed in 2024: https://lnkd.in/efRju27V #WeAreMarkel