The hurdles to overcome when exiting tax avoidance schemes
If your clients have been involved in a tax avoidance scheme in the past, getting out of a scheme may not always be that straightforward. Find out the hurdles they will have to overcome.
Montpelier Judgment – The Loan Charge Tax and Avoidance Schemes
HMRC still has many Loan Charge cases outstanding and is about to start pursuing them with vigour once more now they have more staff to do so.
Do your clients have any skeletons in the cupboard to clear out prior to selling their business?
Many business owners have skeletons in the cupboard that could be a big hurdle to either selling their business or achieving their desired sale value. But how do you overcome them?
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.
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.
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?
Wanting to sell your business? Beware of the taxman!
You have worked all your life to build up a successful business and now its time to cash it all in and sell up. You have found a buyer and they are willing to pay the full asking price, no quibbles. So why should you beware of the taxman?
Beware – Loan Charge discovery letters are on the way!
HMRC are issuing Loan Charge discovery letters to a number of taxpayers still directly affected by the Loan Charge and who received remuneration by way of loans. If you or your clients receive one of these letters, read on to find out more and how you should deal with them.
Has a tax scheme promoter left you high and dry?
Saving tax for clients has always been a major objective for many accountants and other trusted advisors. And, for many years, accountants and other advisors introduced their clients to a tax scheme promoter who sold various structures both offshore and onshore.
Exiting Remuneration Trusts can be tricky
Exiting Remuneration Trusts raise a number of issues that need to be addressed. Finding a tax solution (particularly one that is acceptable!) may have become easier for some with HMRC’s new Settlement Terms recently announced.