It’s not just the tax! Penalties greatly enhance the tax take!

Posted by:

It’s not just the tax! Penalties greatly enhance the tax take!

 

The start of any enquiry our investigation penalties will be considered for basically any error or omission in the Persons tax return or failure to declare taxable income. These penalties are based entirely on your behaviour from the start and how quickly and fully you tell them the situation, help them get to the bottom of it I’ll give them the records and information they need.

Disclosing matters quickly is the ...

Read More →
0

Common Landlords’ Tax errors

Posted by:

HMRC Publish example of common Landlord errors on their website as below:-
Don’t make a mistake with your rental property or forget to declare it!
See what HMRC think of mistakes commonly made below that arise from many family circumstances :-

Moving in together

Beena moved into her partner’s flat several years ago, and decided to rent out her own property ...

Read More →
0

Investigations under Code of Practice 8

Posted by:

HMRC uses it’s Code of Practice 8 (COP8) in case where it suspects that large amounts of tax have been underpaid as a result of complex tax arrangements or tax avoidance schemes which have been implemented by a large number of taxpayers. 

These cases are worked by specialist HMRC counter avoidance teams experienced in Tax Avoidance Schemes like Film schemes , offshore trust arrangements etc  and these do not normally involve a suspicion of serious tax or ...

Read More →
0
Page 1 of 24 12345...»