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MGI Midgley Snelling LLP shortlisted twice at the Accounting Excellence Awards 2025

Leading chartered accountancy firm MGI Midgley Snelling LLP has been shortlisted for International Firm of the Year and Audit Team of the Year at the prestigious Accounting Excellence Awards 2025. As the leading awards provider in the accounting profession, the Accounting Excellence Awards recognise the achievements and innovation of the most ambitious firms and individuals. […]

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Kittel VAT: How to control the uncontrollable

Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can sometimes amount to a significant amount of money. The notice comes when a trader “knew or should have known” their transaction was linked to fraudulent evasion of VAT. […]

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How to prepare for an unexpected economic recovery

The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of a recovering economy. The official figures indicate that increases in customer spending and business investment have contributed to this economic growth. These early signs of recovery present an opportunity to […]

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How HMRC treats cryptoassets disposed of by businesses

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies.  If your business carries out activities involving the exchange of cryptoassets, then you are liable to pay tax on them.   However, understanding how HM Revenue & Customs (HMRC) treats cryptoassets for tax purposes can […]

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