A new life in the sun…
Your client has decided to live abroad but, have they ‘actually’ left the UK and sorted out their UK tax affairs? If not, Big Brother (i.e. HMRC) will be watching them!
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.
R&D Fraud Crackdown – Who should respond to HMRC or handle your client’s R&D queries or investigation?
Businesses have seen strongly worded letters landing on their desks around tax fraud, there is no doubt that enquiries will be raised around past R&D claims.
No invoice. No tax deduction.
For HMRC and their advisors, every tax investigation and case is different and its outcome directly dependant on all the relevant facts. Find out how you can still get a tax deduction from HMRC for an invoice you may not have.
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.
Increased HMRC activity around investing or trading in property
It is important for tax purposes to establish from the outset whether taxpayers are investing in property or trading in property as the tax treatment can vary significantly.