HMRC over charge VAT to tune of £900,000!
A recent tax tribunal case holds several lessons for taxpayers who are informed by HMRC that they have underpaid their VAT. Mr Hodges ran a […]
HMRC over charge VAT to tune of £900,000! Read More »
HMRC
How will new tax rules on interest affect landlords?
The recent Summer Budget 2015 contained one or two unpleasant surprises, especially if you are a landlord and liable to higher rate tax. Chancellor George
How will new tax rules on interest affect landlords? Read More »
Are you missing out on Tax Relief on Patents?
UK Patent Box allows 10% corporation tax for sales of patented products and patent royalties; existing regime to be closed for new companies in June
Are you missing out on Tax Relief on Patents? Read More »
Retailer liable to pay VAT on value of clothes given to employees to wear while working in the shops
The First-tier Tax Tribunal (FTT) has decided that French Connection is liable to account for VAT on the cost of its clothes given to employees
Do you sell at Car Boots? The VAT-Man is after you!
HMRC are taking an interest people who ‘trade’ at car boot sales, festivals, craft fairs, agricultural/flower shows, collectors fairs and similar events with a view to establishing
Do you sell at Car Boots? The VAT-Man is after you! Read More »
UK businesses unaware of VAT obligations
A recent study has discovered that over three quarters of a million, of the UK’s smallest business owners are not aware of the VAT registration
UK businesses unaware of VAT obligations Read More »
Upper Tribunal considers whether compromise agreement precluded VAT recovery assessment
The Upper Tax Tribunal recently considered whether HMRC was entitled to issue an assessment to recover amounts of VAT paid to the taxpayer in error.
Upper Tribunal considers whether compromise agreement precluded VAT recovery assessment Read More »
Do you need to appeal a VAT Surcharge Notice when the amount due is £nil?
The VAT surcharge system imposes no penalty the first time a business submits its VAT return later than it should have done. Neither is there
Do you need to appeal a VAT Surcharge Notice when the amount due is £nil? Read More »
Taxpayer wins appeal against level of penalty reducing it from 75% to 18%
It’s fair to say that in the world of sport, the decision of the referee to give a penalty can be contentious. Unfortunately for
Taxpayer wins appeal against level of penalty reducing it from 75% to 18% Read More »
The Dangers of using Tax Schemes
H M Revenue and Customs (HMRC) have today issued a list of the top 10 things that tax scheme promoters don’t tell businesses before they
The Dangers of using Tax Schemes Read More »
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