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 […]
Is 2026 the year your clients should resolve their historical tax issues?
Is 2026 the year for your clients to finally resolve their historical tax issues? Several significant developments this year could help them decide.
Will the proposed Loan Charge Settlement Opportunity be good for your clients?
Do you have clients affected by the Loan Charge Review? If so, this may be the last opportunity to settle.
Will your clients’ unresolved tax issues get uncovered when they are selling their business?
Selling a company is never a quick process. If the company or owner has unresolved tax issues uncovered during due diligence, will they be a deal breaker? Potentially yes. Find out what you should do.
The UK tax problems that can follow an untimely death and how to deal with them
A client story about how not dealing with your tax affairs could affect your family when you die.
Don’t waste HMRC’s time!
A recent case where HMRC sent a statement of costs for ‘wasting HMRC’s time’ to an advisor!
What to do if your client receives a letter from HMRC about the Loan Charge offering a Standstill Agreement…
HMRC still have many Loan Charge assessment cases outstanding and are pursuing them with vigour. What should your client do if they receive a letter from HMRC about the Loan Charge offering them a Standstill Agreement?
Who’s in control of your client’s tax investigation?
Knowing when a tax investigation is out of control isn’t easy but there are a number of triggers that can ring alarm bells.
How do you tell your clients to stop procrastinating and deal with their tax investigation?
Few people relish a tax investigation. Many taxpayers bury their head in the sand. Find out how you and your clients should deal with a tax investigation.
Do your clients mix business with pleasure?
If a business owner is on holiday but working is it an allowable tax deduction and what happens if HMRC investigate?