INSIDE THIS EDITION Feedback from charitable sector 1 Inland Revenue scrutiny 2 Investment boost 2 Financial Conduct Report 1st...

In the past year, Inland Revenue has increased its audit activity after a period of subdued activity that stretched from before the Covid-19 pandemic. As their activity has increased, it has been interesting to see what areas they are focusing on. Observation suggests that one of those areas is the classic capital / revenue boundary. This is an area that is notoriously difficult because of the grey areas that can arise – where two different people could easily reach contrary