Legal News & Expert Insights
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Open Banking is a ground breaking concept in finance and requires traditional banks to share data with licensed financial technology (‘fintech’) companies, subject to consumer consent. It seeks to remove those barriers which hinder accounts held with different building societies, banks and other providers from working seamlessly together by safely sharing account information. Whilst originating […]
22/04/26
Individuals and businesses must tell HMRC when they become liable to pay tax, such as income tax, capital gains tax, or corporation tax, or when their circumstances change. This includes reaching key thresholds, such as the statutory limits regulating VAT liability. KANGS has successfully assisted our client, a labour supply company, secure the withdrawal of […]
03/04/26
KANGS has successfully defended our client who had been charged, along with several other defendants, including family members, with various allegations of fraud. These charges included conspiracy to defraud, conspiracy to cheat the Public Revenue, fraudulent trading and failure to keep proper accounting records. The prosecution was based on allegations of an alleged ‘cash for […]
27/03/26
KANGS recently assisted in the successful conclusion of prosecution proceedings against a company and its two directors. The proceedings were initiated following their failure to comply with a Notice of Requirement served by HMRC under the Income Tax (Pay as You Earn) Regulations 2003 and the Social Security (Contributions) Regulations 2001. In instances where HMRC […]
25/03/26
VAT fraud typically arises where a business withholds VAT from HMRC by failing to declare its true VAT liability. This may involve submitting inaccurate VAT returns in order to evade VAT payments or dishonestly claim refunds. Deliberate VAT fraud can take many forms. Common examples include falsifying invoices, failing to declare sales, or participating in […]
18/03/26
An ‘unallowable purpose’ is one which appears to be designed simply to secure a tax advantage for the company, where the purpose does not fall within the company’s normal business or commercial undertakings. The intent of the ‘unallowable purpose’ rule is to control the deductibility of interest for corporation tax calculations in circumstances where the […]
05/03/26
