The current coalition government, aided by the Press are undoubtedly the most anti business government in living memory. Having made a complete dogs breakfast of the legislation, they have chosen to firstly pick on celebs and small businesses, before turning their attention on multinationals like 'Starbucks' and 'Amazon'. What appears to be overlooked, is that all of the tax planning Continue Reading
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YET MORE TASKFORCES LAUNCHED
HMRC’s success in obtaining tax arrears from a wide range of business sectors within selected geographical areas has encouraged them to announce another 5 taskforces for “intensive bursts of targeted activity”. They expect to recover more than £19.5 million from the following areas: The legal profession in London (yes, the accountancy and tax professions are expecting to be on the Continue Reading
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HMRC BUSINESS RECORD CHECKS
Business record checks (BRCs) involve someone from HMRC visiting you to look at your business records so that, if necessary, they can point out areas of improvement (only the most cynical would suggest that they were also used to identify cases for launching a full-blown investigation). The BRC programme came to an abrupt halt at the start of this year, Continue Reading
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HIGH NET WORTH UNIT
You may be delighted if HMRC use this unit to look after your tax, as it means you have substantial assets. However, according to HMRC it also means that you are more likely to be inclined to seriously consider a variety of ways of reducing your tax bill! Cases looked after by HNWU are regarded as higher risk. Each taxpayer Continue Reading
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