Why My Tax Return is Late…
There are may legitimate reasons why you may struggle to submit your tax return before the 31 January deadline, but don’t expect much sympathy from …
Warning
HMRC “Big Brother” really is watching you!
The lengths that HMRC will go to in its quest to catch-out tax evaders seemingly knows no bounds with the disclosure that Inland Revenue Inspectors …
Should you complete a Tax return?
It’s a question we’re often asked as Accountants “Do I need to complete a self-assessment tax return?” Usually the answer is a simple “Yes” or …
Changes to Inheritance Tax & Loans
Generally speaking, debts of a person’s estate are deductible for Inheritance Tax (IHT) purposes – though there are some circumstances where specific debts cannot be …
Taxman looking for property deals
In another initiative designed to boost the treasury’s coffers, H M Revenue & Customs (HMRC) have written to approximately 40,000 individuals who they have identified …
£1billion VAT Assessment!
That will be £1billion please! It’s not unusual for businesses to feel that HMRC’s demands on them are unreasonable. It is unusual however, for HMRC …
Small Business loses out
Recent research has concluded that small and medium sized enterprises (SMEs) in the UK are losing out on up to £122 billion in sales revenue …
Coventry City FC head towards Administration
The long running dispute between the football club and the owners of the Ricoh Arena (ACL) over an alleged £1.3 Million in rent arrears has …
Can you rely on VAT advice?
When you telephone the H M Revenue & Customs National Advice Service, are you relying on the advice that you are given? Moreover do you …
VAT Penalty on Incorporation?
Have you recently changed legal entity, for example by incorporating a sole proprietorship or partnership ? Or has a sole proprietor taken someone into partnership? …