Sold! But exactly what have you sold?
It is quite an achievement to find a buyer for the family business that has been built up over a number of years. All of that blood, sweat and tears. And more tears. But now its time to relax and plan for the future. In the short term, it can be a minefield engaging more […]
Some Tax Payers are Forgetful
HMRC can bankrupt individuals or companies but as a last resort. By engaging with HMRC, responding promptly and seeking specialist advice, such escalation can be avoided. Don’t leave it too late.
🚨 BREAKING NEWS – The New Loan Charge Settlement Opportunity Moves a Step Closer
After years of uncertainty, there is finally some significant movement. On 17 July, the final piece of legislation was laid before Parliament to enable HMRC’s new Loan Charge Settlement Opportunity, and the doors open on 5 August 2026. For around 32,000 taxpayers, this could represent a genuine opportunity to draw a line under years of uncertainty. HMRC has indicated […]
Can HMRC make me bankrupt?
HMRC can bankrupt individuals or companies but as a last resort. By engaging with HMRC, responding promptly and seeking specialist advice, such escalation can be avoided. Don’t leave it too late…
The dangers of providing HMRC with information / documentation
HMRC can make requests for information/documentation either informally or formally (see information requests) and HMRC can levy penalties for failure to respond within their timescale. What sort of documents can be requested? Bank and building society statements are amongst the most frequently requested documents by HMRC along with purchase invoices. These can be held either in […]
Do you remember APNs?
Many taxpayers have misunderstood in the past that when they paid APNs, they were not reaching a Settlement with HMRC. Could you be facing a huge bill?