Extract . . . As the tax system gets more complex and HMRC continues to clamp down on tax records Gary Brothers, national director of tax investigations at Mazars and AAT (Association of Accounting Technicians) representative shares with us some thoughts on what to do if you enter a dispute with the taxman and how [...]
Extract . . . The Chancellor is axing a longstanding relief from VAT for goods valued at less than £15 that has been exploited in the Channel Islands by internet retailers serving the mainland. The Treasury is to end the era of cheap DVDs, contact lenses and birthday cards by scrapping an exemption from VAT [...]
Extract . . . First it was restaurants, then bars and hotels, then sectors prone to ‘under-the-counter’ trades like hairdressers and plumbers. Now HMRC has landlords and builders in its tax evasion cross-hairs. Read more here: http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1103055/the-taxman-announces-buy-to-let-landlords-next-hitlist/
Continue reading about The taxman announces buy-to-let landlords are next on the hitlist
Extract . . . ‘Yes!’ say France and Germany. It’s a ‘terrible idea’, cry the City sheriffs. Laura Chesters looks at the divisive financial transaction tax, and its implications for the UK Robin Hood tax, Tobin tax, fat tax. Call it what you will, what’s important is that the proposed levy on the City has [...]
Continue reading about A rich-to-poor Robin Hood tax may sound good, but is it?
Extract . . . Small businesses often feel they don’t get value from their accountancy fees, but it is a two-way street. Paddy Gahan, of Gahan & Co Chartered Accountants, provides some useful tips. Read more here: http://www.bizstartup.ie/start-up-kit/category/10-tax-and-accounts/item/16833-getting-the-most-from-your/
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Extract . . . HM Revenue & Customs will unleash 200-strong team of investigators to identify individuals who are avoiding and evading taxes. Wealthy Britons who own property or land abroad are the first group of people to be targeted by a new HM Revenue & Customs ‘affluent unit’ set up to tackle tax-dodging among [...]
Continue reading about Overseas property-owners come under taxman’s scrutiny
Extract . . . Everyone who has ever crossed paths with the VAT man has a tale of woe to tell and Vince Cable now joins a large group of the chastened. My brush with them came more than twenty years ago when, after a mildly successful patch as a freelancer, I thought I’d better [...]
Continue reading about The VAT man cometh, just ask Vince Cable
Extract . . . The number of fines issued by HM Revenue & Customs’ automatic penalty system jumped 8% since last year, according to a Freedom of Information request. The fact that people are struggling to pay may not come as a surprise, but the fact that they haven’t sorted it out – thus meaning [...]
Continue reading about 1.5m taxpayers get knuckles rapped over late tax returns
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