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Further clamp down on Tax Dodgers
Following the success of their “taskforce” initiatives in 2011, and rapidly on the back of the focus on Taxi firms and market traders in May, HMRC have this week announced that further new taskforces have been set-up to target tax evasion in a number of additional specific locations: • restaurants in South Wales, • hair and beauty…
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French holiday homes under attack
In a move certain to anger the 200,000+ Brits who own property in France, newly elected President François Hollande has announced he is set to significantly increase taxes on foreign-owned second homes. Tax on rental income in France is increasing from 20% to 35.5%, with the Capital Gains tax rate also rising from 19% to 34%. The increase…
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Pension Rules for Safeguarding Workers – the new law has come into effect
Workplace pensions reform law came into effect from 1 July 2012, marking the start of the new duties which will eventually see employers automatically enrol certain workers, and enrol those workers who choose to opt in, into pension schemes. The new law places requirements on employers not to: 1. induce workers to opt out or…
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Football League 1 HMRC 0
HMRC have long been at a disadvantage when dealing with football clubs. The existing ‘football creditor’ rule means that on the insolvency of a football club all football debts are paid first before others, such as HMRC, can get a look in. With footballers’ salaries with the top flight clubs at the level they are…
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Received an email from HMRC – guidance issued on how to spot bogus emails
The Inland Revenue (HMRC) have issued further a press release warning tax payers about possible fake or ‘phishing’ emails sent out by fraudsters, and guidance on how to spot them and what to do if you receive one. Their briefing starts with the simple message: Remember: •HM Revenue & Customs (HMRC) will never send notifications…
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The Company Car – is it time to consider lower emission vehicles?
For many years now HMRC have increased the tax costs for the company car driver and the employer. Not only by increasing the income tax implications but also by reducing the corporation tax allowances. In the current tax year a company car driver will be taxed on 35% of the list price of the car…
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Equitable Life tax bonus
If you are due, or have already received, compensation in respect of the Government’s maladministration of Equitable Life pensions and policies you may be interested in the tax position of these payments. 1. There is no need to declare receipts to HMRC as they are not subject to Income Tax, Capital Gains Tax or Corporation…
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Furnished Holiday Lets
Does your holiday home qualify as a Furnished Holiday Let (FHL) property? And if it does, what are the tax advantages? Does your property qualify? From April 2012 the following conditions apply: 1. The property must be situated in the UK or EEA. 2. The property must be available for commercial letting as holiday accommodation…
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Pensions – Auto-enrollment
Under the new workplace pensions law that comes into effect from October 2012, certain types of workers must be automatically enrolled into a pension scheme by their employer. There are 3 types of workers affected by the reforms: eligible jobholders, non-eligible jobholders and entitled workers. Only eligible jobholders will have to be automatically enrolled but…
Last week, our trainees took part in an internal audit training session designed to strengthen their technical knowledge and support their professional development. While gaining practical skills was the key objective, we also wanted to make the learning experience engaging and enjoyable, so we incorporated some games. At Burgis & …
October 14, 2026
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