Guide to limited companies in the UK
Limited Company A limited company is a type of business structure which incorporated into a legally distinct body. If an individual opts to run the business as a limited company, the business willbe [...]
Blog > Category > Beware Hmrc
HMRC to reform rules on winding-up companies - ACT NOW before 5 April 2016
HMRC to reform rules on winding-up companies, so you must act now! Reform to company distributions If you’re thinking of legitimately winding down a solvent company you should act before 5 April [...]
Partnership Penalty
Who is Eligible to Appeal the Penalty for a Business Partnership’s Late Tax Return? The recent case of the student Jack Dyson, whose appeal against an HMRC penalty was heard at a Tribunal raises [...]
HMRC Target Undeclared Debit and Credit Card Sales
DO YOU HAVE UNDECLARED CREDIT CARD SALES? We have already alerted you to the fact that HMRC is keen to uncover undeclared income. The deficit still needs reducing, and non-compliancy and tax [...]
Are you a property-tax dodger?
Are you a property-tax dodger? It’s no joke! Have you heard that property gain or income has recently been identified by HMRC as an area rich in undeclared taxes? HMRC’s latest tax-avoidance [...]
Undeclared income is an area of lost revenue that HMRC
Nothing to Declare! Undeclared income is an area of lost revenue that HMRC has been keen to uncover, ploughing sizable resources into its e-marketplace initiative – a clampdown on online traders [...]
Real Time Information (RTI): The Pain of Penalties
Real Time Information (RTI): Important Guide and date of RTI Real Time Information, or RTI – are you on top of it? By 2016, every employer must make a Full Payment Submission (FPS) to HMRC each [...]
HMRC’s Upper Tribunal Case against Former Rangers FC
HMRC’s Upper Tribunal Case against Former Rangers FC: 1–0 to the Taxpayer! HMRC has lost the Upper Tribunal (UT) case over tax-free loans made to staff by the former Rangers FC through its [...]
HMRC Merchant Acquirers Data Matching
HMRC Merchant Acquirers Data Matching To take a string from our recent blog about HMRC’s campaigns to catch out small businesses and individuals who don’t declare all their income, let’s [...]
HMRC: Deploying an Army to Recoup Lost Taxes
Like it or not, HMRC has as the Chancellor said it would at the last Budget Statement, been given greater powers and more money in its efforts to close in on the approximately £35 billion of tax that [...]