What does HMRC mean when they say your client’s behaviour has been deliberate and concealed?
The level of HMRC tax geared penalty will depend upon a taxpayer’s behaviour that brought about that loss of tax in the first place. But, how do you establish a taxpayers behaviour?
What is a “formal information request” from HMRC?
Knowing whether a request from HMRC is a formal information request or an informal request should impact how a taxpayer deals with the request and the outcome.
Why is HMRC so interested in your client’s hobbies?
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?
The Pandora Papers are back – and with a vengeance
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.
High Income Child Benefit Charge (HICBC) – Happy tax season from HMRC!
HMRC are writing to agents to remind them of the Tax Return entries relating to the High Income Child Benefit Charge (HICBC).
What is the difference between CoP8 and CoP9 so far as your client is concerned?
The difference between CoP8 and CoP9 can be confusing for both a taxpayer and their accountant. Find out what the difference is here.
What questions will HMRC ask your client?
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.
Does your client have to provide HMRC with documentation?
Clients and taxpayers may be nervous about handing over documents to HMRC. Will they explain everything, or will it just provoke even more questions?
How much nudging is going on?
HMRC have issued their figures on the amount of nudge letters they are sending to taxpayers and the criminal cases underway.
How does your client make a Disclosure to HMRC?
Find out how a voluntary disclosure to HMRC can help you when dealing with unresolved tax issues and potentially reduce penalties.