In this episode, Mark Morton explores the complexities of tax penalties, prompted by a recent high-profile case involving a significant understatement with no penalty applied. He breaks down key concepts like reasonable care, voluntary disclosure, and HMRC’s approach to enforcement, highlighting the nuances that often go unnoticed by both taxpayers and advisors.

For more information on this topic and more, please visit www.mercia-group.com for further details.

In this honest and relatable episode, mental health first aider Louise Conner shares her personal journey and practical tips for maintaining wellbeing. From breaking stigma to finding what truly works for you, this episode offers simple, real-life ways to build resilience, prioritise self-care, and ask for support when you need it most.

For more information on this topic and more, please visit www.mercia-group.com for further details.

In this short Mercia podcast, I take a look at Associated Companies, an area that's quietly become a hot topic again. With Corporation Tax rates and bands shifting, HMRC are clearly paying attention, and we're seeing a steady stream of "nudge" letters landing on agents' desks asking them to revisit their associated company position. I walk through why the rules feel particularly tricky right now, the remit for direct or indirect control is extremely broad, the attribution rules pull in family members anywhere in the world, and the "substantial commercial interdependence" test hasn't been tested in court for over a decade, leaving a lot of subjectivity in play. With interest rates where they are, getting your quarterly instalment payments wrong could be an expensive mistake. If you'd like to go deeper, I'm running a one-off course on this on 21 May, available live or on-demand. https://www.mercia-group.com/courses/associated-companies-with-mark-morton/

For more information on this topic and more, please visit www.mercia-group.com for further details.