Do you own a rental property? Are you paying too much tax? Have you avoided paying the proper tax? The Let Property Campaign offers landlords and people who own rental properties the opportunity to pay the right amount of tax. Assessments are done and arrangements can be made through the Let Property Campaign to help […]
Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the organisation or save money. The tax system contains an exemption which allows suggestion scheme awards to be made tax-free – but only up to a certain limit and only if the associated conditions are met. Types […]
COP9, otherwise known as Code of Practice 9 is a HMRC Investigation, which is opened when the HMRC suspect a big loss of VAT / Tax through fraudulent taxpayer behavior. If a COP9 investigation is opened, you would be issued with a CDF, also known as a Contractual Disclosure Facility offer. You are allowed up to 60 […]
Prior to the introduction of self-assessment tax returns, just 1% of all returns were audited; with the introduction of self-assessment, this number will now be around 10%. It is highly likely that the number will be far higher if the HMRC is given more financial aid. What this means to the taxpayer, including anyone who […]
It can be stressful knowing that you owe HMRC money and worrisome when you receive that tell-tale brown envelope through your door. However, HMRC Tax Disclosure Schemes and systems are in place to help you bring your tax affairs up to date. If you know that you owe taxes but aren’t sure of the right […]
Filling in self assessment tax returns form requires a bit of time and a lot of concentration, as making a mistake could cost you money. Luckily, we’ve formulated this step-by-step guide that will make self-assessment tax returns a complete doddle and ensure that you get it spot on every time. Start off right : If you have never […]
