How do HMRC target the growing Botox industry – HMRC draw up the lines of Enquiry

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How would HMRC have selected your case for enquiry?

HMRC screen business accounts when submitted to them and select many on the basis of:-

  • Turnover falling just below the VAT threshold of £85,000
  • Turnover not matching their VAT returns, if filed
  • Nature of the trade, in various specialist projects into whole UK or regional trade sectors – often called ‘campaigns’, such as one into cosmetic practices across the UK.
  • Information received from anonymous sources like your competitors, an online or social media presence, articles in ...
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HMRC Target Aesthetics providers – Time to FACE to music.

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There would currently appear to be disputes over whether aesthetic treatments are purely cosmetic (and as such would be subject to a charge of 20%, the standard rate of VAT), or are a VAT free ‘medical’ treatment and this has recently been commented upon and factors decided in case-law. How does it affect you!!

Over recent years with the widespread prevalence of aesthetic or cosmetic treatments being seen in salons, homes and clinics everywhere, a grey area has arisen and is being ...

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Why are online traders being targeted by the Taxman?

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Why are online traders being targeted?
In recent years the taxman deems everybody to be trading if you’re selling online, the word hobby doesn’t feature in their vocabulary!

We’re not talking about people selling a few old clothes or bits of furniture on eBay but we’re talking about what the Revenue call Badges of Trade – things that indicate that what you are doing is more than a hobby.

I’ll list them as are you probably ...

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