Monir Miah of Stove, Staffordshire and owner of The Crown of India has been jailed for 2 years over a ??90,000 tax fraud. HMRC started a routine compliance check after some test purchases by undercover HMRC officers revealed that Mr … Continue reading
This client came to us from the South of England and was referred to our firm by their existing accountants. The client ran a restaurant and was being investigated by HMRC???s VAT and direct taxes teams. At the time we … Continue reading
There has been plenty of press and media coverage of the Paradise Papers which has brought to limelight the mass usage of tax avoidance schemes rich individuals and companies. The Paradise Papers cover some of the tax avoidance schemes ??that … Continue reading
In this case the vendor was required to pay for the purchasers legal costs as part of the deal to sell a piece of land. HMRC initially disallowed the costs reimbursed by the vendor on the basis that this was … Continue reading
Subsequent to the decision of the Supreme Court in??RFC 2012 plc (in liquidation) (formerly Rangers Football Club plc) v Advocate General for Scotland, HMRC are advising tax agents and accountants that they will be inviting users of disguised remuneration schemes … Continue reading
This case was referred to us from another accounting firm in London. The client had been under enquiry for almost 3 years before his accountants contacted us for assistance. The client was under significant stress as this tax enquiry was … Continue reading
During the last month our firm has taken on several new cases of COP9 investigations. The clients involved had some serious tax irregularities including money laundering offences. Having seen the cases and establishing facts after long meetings with the clients, … Continue reading
We have seen an increased number of HMRC tax investigation cases where the directors have put a company into liquidation as the company is unable to pay its debts to HMRC and is insolvent but HMRC use various powers within … Continue reading
Listed below are the main areas from a tax adviser???s perspective following a detailed review of the Chancellor???s 2017 Budget: Non Residents and Capital Gains Tax: Finance Act 2016 included legislation, which took effect on 5 July 2016, to ensure … Continue reading
HMRC continue to send out letters to landlords who have undeclared rental income. We have been approached by clients who have received these letters and are in the process of preparing a full disclosure to HMRC. The letters give the … Continue reading