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,
fines,
reasonable excuse,
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, 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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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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Thursday, August 19, 2010 | Posted by: Grant Summers
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
offshore,
disclosure,
tax havens,
penalties,
Offshore Disclosure Facility,
NDO,
amnesty,
evasion,
medical,
Grant Summers
With hundreds of billions of national debt and
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Thursday, April 22, 2010 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
offshore,
Dave Jennings,
investigation,
penalties,
Liechtenstein Disclosure Facility,
Liechtenstein,
OECD,
amnesty,
LDF,
tax haven,
200%
Tax, or National Insurance, was bound to be in the headlines during the Budget and Election but very little beats the threat of a 200% penalty for attention. Combined with a
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Wednesday, March 17, 2010 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
offshore,
Dave Jennings,
investigation,
legislation,
penalties,
law,
human rights
As the recession started to bite, HM Revenue & Customs (HMRC) relaxed its enforcement of debts for some taxpayers facing cashflow problems. Paying arrears by instalments has helped many businesses but may become even more important as new PAYE penalties for employers start in April 2010…
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Wednesday, February 24, 2010 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
HMRC,
offshore,
Dave Jennings,
investigation,
banking,
legislation,
penalties,
Switzerland,
Swiss,
Isle of Man,
Robert Huitson,
law,
UBS,
human rights,
backdated
I am not talking about the HM Revenue & Customs’ (HMRC) version of Doctor Who, as scary as that may sound, now comes something even worse. One of the main gripes we often hear from business’ about our tax system is the lack of certainty. Should HMRC, therefore, be authorised to change the law or its interpretations retrospectively, plunging its victims into a costly time warp and sending them singing for their supper?
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