In an attempt to boost the sales of zero-emission cars, the benefit-in-kind percentage will reduce from 16% in 2019/20 to 0% from 6 April 2020. Watch Video Below Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and […]
HMRC investigations against rental property owners
HMRC has launched hundreds of investigations against the Owners of Rental Property in the last few years. The Government is faced with record levels of deficit. As it works to fill a public finance black hole, it has allocated significant resource to HMRC to yield increased tax revenue by carrying out compliance checks. We have […]
What could a tax enquiry mean to an individual?
Enquiries often involve a detailed examination of a specific item on a tax return whilst others may extend to a full review of an individual’s personal affairs. Since 2008, billions of pounds worth of extra tax has been clawed back and the reach of ‘Connect’ is ever growing. We have experienced a number of enquiries […]
What could a tax enquiry mean for your business?
HMRC has the power to inspect business documents and assets at your premises, can ask for documents and information, make unannounced inspections and go back up to 20 years to investigate matters. In recent years HMRC have launched various checks on specific industries. It is not uncommon for a business to receive a letter from […]
Legal helpline – 24 hours a day, 365 days a year
Unannounced HMRC visits ‘out of hours’ helpline is now included as part of our tax investigation service. Make sure you are subscribed today. HMRC have the power to make unannounced visits to any business. Sometimes these visits can be late at night. Clients who subscribe to our Tax Investigation Service will now be provided with […]
How to Pay your Self-Assessment Tax Bill
We recommend you make payments as soon as you can, the dates below are deadlines. You maybe required to make two advance payments ‘on account’ as a way of spreading your tax bill.
Self-assessment matters
Don’t leave it until the last minute. With a matter of weeks left until the 31 January deadline for online returns, self-assessment is very much on our minds.
Tax Changes affecting Residential Property
On 6 April 2020, significant changes are due to be introduced by HMRC which may increase the capital gains tax due when you sell a residential property. Make sure you are aware and read our forward planning recommendations. Download PDF for Offline Reading These changes seek to raise extra revenue from the disposal of residential […]
Property as an investment
With low interest rates, property remains attractive. For many people with money to invest, property feels like one of the few opportunities that can provide a reliable, substantial return over time.