If you disagree with an assessment raised by HMRC during a tax enquiry, you can appeal the assessment. Here are the steps you can take: First, review the assessment carefully to understand the reasons for
Property Developer
If you disagree with an assessment raised by HMRC during a tax enquiry, you can appeal the assessment. Here are the steps you can take: First, review the assessment carefully to understand the reasons for
Make use of tax-efficient investments: Many investments are tax-efficient, meaning that you don’t have to pay tax on the income they generate. Examples include ISAs, pensions, and Venture Capital Trusts (VCTs). Claim all available tax
Everyone knows that you must use the correct SIC code when completing your HM Revenue & Customs’ Corporation Tax forms. Right! But what’s an SIC code anyway, and why are they important? SIC codes are
The best way to tell whether a letter from HMRC is genuine or a scam is to check the senders address. If the sender’s address doesn’t match the official HMRC website, it is likely to
The taxation of crypto-currencies varies widely across the world, with different countries taking vastly differing stances on how they are viewed and handled. The UK has taken a very favorable position, adding certainty to individuals
When a director signs a personal guarantee for business debts it can ensure recovery of monies owed to creditors. But, as this article explains, they should consider the consequences carefully before entering into such an
If you have received an enquiry letter from HMRC, you may be wondering what your options are. In this article, we will outline the different courses of action you can take and provide some guidance
When you are self-employed, bookkeeping can seem like a daunting task. However, it is important to keep track of your income and expenses in order to file your taxes correctly. Here are some tips on
The Construction Industry Scheme (CIS) is a government-sponsored system that requires certain construction companies to deduct tax from their subcontractors’ payments. This system helps to ensure that the correct amount of tax is paid by
HMRC tax investigations can be a little daunting, especially if you are not familiar with the process. In most cases, HMRC will contact you to let you know that they will be conducting an investigation
HMRC tax investigation is the process in which HM Revenue and Customs collects information from a person or business to determine that they are obeying taxation rules. A tax investigation can be either voluntary or
A company audit is an assessment of a company’s financial statements by an independent auditor. The purpose of the audit is to provide assurance to investors and other stakeholders that the financial statements are fairly