Bespoke - for private clients
Tuesday, January 24, 2012 | Posted by: Naomi Smith
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
penalties,
liability,
Naomi Smith,
deadline,
January 31,
penalty,
reasonable excuse,
fines,
late filing,
charges,
tax return,
loophole,
unpaid tax
The 31 January tax return filing deadline is fast approaching but many taxpayers are blissfully unaware of HMRC’s new penalties for late filing and could be in for a nasty surprise.
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Tuesday, November 22, 2011 | Posted by: Louisa Naylor
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
advice,
investigation,
penalties,
code of practice,
fraud,
COP9,
Louisa Naylor,
tax investigations,
civil fraud,
Code of Practice 9,
enquiry
An increasing number of people with large funds held in offshore accounts are receiving a Code of Practice 9 (COP9) letter through their door as UK tax authorities strive to assess a further £7 billion of evaded taxes by 2014. Grant Thornton’s new tax investigations helpline is a first port of call. Meanwhile, tax manager Louisa Naylor looks at what you should do if you are caught by a tax investigation.
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Thursday, November 10, 2011 | Posted by: Dave Jennings
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
property,
income tax,
Dave Jennings,
tax haven,
overseas,
offshore assets,
income from property,
evasion,
holiday homes,
commercial property,
avoidance,
Tax Investigations,
foreign property ownership,
foreign assets,
afluent teams,
homeowners
Holiday homes and offshore assets won’t be a personal tax haven for long as HM Revenue & Customs (HMRC) continues to crack down on those not paying the correct tax with a new initiative looking into those who own property abroad.
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Wednesday, November 09, 2011 | Posted by: Mike Warburton
Categories:
Personal,
Protecting your wealth
| Tags: HMRC,
Gaines-Cooper,
non-dom,
Mike Warburton,
UK residency,
non-domicile,
IR20,
non-residency,
Inland Revenue,
Lord Mance,
Court of Appeal,
UK resident
Hundreds of expats and tax exiles may be at risk of an unexpected tax bill after Robert Gaines-Cooper, who moved to the Seychelles in the 1970s, recently lost his claim to be non-resident for UK tax .
Director Mike Warburton, who was an expert witness in the case, reviews the ruling, which has major UK residency and tax status implications for anyone who leaves the UK to live abroad.
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Thursday, September 22, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
HMRC,
offshore,
income tax,
Dave Jennings,
disclosure,
tax havens,
investigation,
banking,
penalties,
Liechtenstein Disclosure Facility,
tax amnesty,
Switzerland,
Liechenstein,
Swiss,
savings,
evasion,
Tax Investigations,
UK-Swiss deal
The new UK-Swiss deal clamping down on tax evasion is expected to drive UK investors into the arms of Liechtenstein – with significant tax savings possible through the Liechtenstein Disclosure Facility (LDF).
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Wednesday, August 17, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
HMRC,
offshore,
government,
income tax,
Dave Jennings,
disclosure,
budget,
tax avoidance,
income,
relief,
investigation,
penalties,
Liechtenstein Disclosure Facility,
Liechtenstein,
amnesty
The
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Friday, July 08, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
offshore,
Dave Jennings,
disclosure,
tax havens,
investigation,
banking,
penalties,
Liechtenstein Disclosure Facility,
tax amnesty,
Liechtenstein,
Switzerland,
amnesty,
LDF,
HSBC,
evasion,
Tax Investigations
With a new round of tax investigations being launched into customers of HSBC in Switzerland, HM Revenue & Customs’ (HMRC’s) drive against holders of undeclared offshore bank accounts is heating up. Waiting to come forward could result in higher tax and penalties, so what are the tax amnesty options?
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Friday, June 17, 2011 | Posted by: Mike Hyland
| Tags: tax,
HMRC,
consultation,
Mike Hyland,
residence,
Gaines-Cooper,
non-dom,
UK residency,
non-domicile,
non-uk residence,
UK resident
The Government has today released its consultation on the long awaited statutory definition of residence which they are seeking to introduce from 6 April 2012.
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Friday, June 17, 2011 | Posted by: Sue Knight
Categories:
Personal,
Protecting your wealth
| Tags: tax,
HMRC,
offshore,
Sue Knight,
consultation,
domicile,
non-dom,
UK residency,
non-domicile,
non-UK domicile,
remittance,
remittance basis,
remittance basis charge,
UK resident
This could be considered a familiar headline, but once again today, a consultation has been issued by the Government outlining proposed changes to the taxation of non-UK domiciled individuals.
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Thursday, June 16, 2011 | Posted by: Fiona Cullinan
Categories:
Business
| Tags: tax,
HMRC,
disclosure,
penalties,
tax amnesty,
amnesty,
teachers,
eBay,
tutors
Three more groups who are perceived to be underpaying tax are to come under the scrutiny of the taxman.
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