How do your clients separate their personal and business lives. Do they put things ‘through the company’ that relate to their or their family’s hobbies?
You may recall ‘The Pandora Papers’ back in 2021 and may have assumed that issues around these have been resolved or ‘gone away’. Wrong! Find out more about what this means for your clients.
HMRC are wanting taxpayers to review their residency position before they submit their tax returns, or to undertake a “repair” if they have already done so.
HMRC are writing to agents to remind them of the Tax Return entries relating to the High Income Child Benefit Charge (HICBC).
The difference between CoP8 and CoP9 can be confusing for both a taxpayer and their accountant. Find out what the difference is here.
How a taxpayer answers HMRC questions, can have a huge impact on the outcome of an investigation. HMRC will ask a number of probing questions at a meeting. It’s imperative to know when NOT to answer a question and HOW to answer a question.
Clients and taxpayers may be nervous about handing over documents to HMRC. Will they explain everything, or will it just provoke even more questions?
HMRC have issued their figures on the amount of nudge letters they are sending to taxpayers and the criminal cases underway.
Find out how a voluntary disclosure to HMRC can help you when dealing with unresolved tax issues and potentially reduce penalties.