Tag: HMRC Inquiries

HMRC Fraud Investigation Service
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HMRC Fraud Investigation Service – Code of Practice 8

If you are found to have done nothing wrong, you will be informed that the investigation has been completed and no further action will be taken. You may be susceptible for repeat investigations in subsequent years if further suspicious tax data is received.

HMRC Common Reporting Standard
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HMRC Common Reporting Standard – An Accountant’s View

This new idea for a global model of automatic information exchange was endorsed by G20 leaders in 2014. To date, over 100 countries have given their public support to CRS, many of whom have also chosen to become early-adopters of the processes.

HMRC

Accounting and Tax Planning for Landlords

Your properties can be taxed collectively in one year, so if you’ve suffered losses on one or more properties those losses can be set against profits made from other properties bringing yet another reduction.

Accounting and Tax Planning for Post Offices
HMRC

Accounting and Tax Planning for Post Offices

Accountants for Post Offices are uniquely equipped to assist with tax matters involving both income and corporate tax, dividends, PAYE and of course the complexities of VAT, where vendors may have to account for different rates on different products.

Self-Assessment for Self-Employed
HMRC

Self-Assessment for Self-Employed | HMRC Investigations

The million dollar question is, how do HMRC decide who to investigate, and who to leave alone? Well, the bad news is that by far the most likely ‘victims’ of an HMRC investigation are self-employed workers who take on the responsibility of their own taxes, rather than handing the work to an accountant.

2017 Budget Small Businesses
HMRC

What does the 2017 Budget mean for Small Businesses?

As dividend allowance is to be slashed, we expect to see more self-employed workers look to invest further in Isas. From April 2017, Isa limits are being raised from £15,240 to £20,000 and dividend growth within this Isa is tax-free.

HMRC TAX FREE LUNCH
HMRC

HMRC TAX FREE LUNCH

At an enormous $530 billion dollar valuation, 70 offices in 40 countries and one of the world’s largest advertisers, Google is the most commonly referenced company that HMRC has provided tax relief to. In 2016, HMRC judged that Google’s tax arrangements were legal and therefore the internet giant did not need to pay any further than the £130m in additional tax for the last 10 years.

Why HMRC Tax Investigation start
HMRC

Why HMRC Tax Investigation start

If the HMRC feels like there could be inconsistencies, or it’s merely looking to ensure that its records are correct, then it could mean that any number of businesses could be subjected to a tax enquiry.