Contact Us ▪ Introductory Meeting / Quote
Call: 0207 309 2222
Contact Us ▪ Introductory Meeting / Quote
Call: 0207 309 2222
2016 UPDATE: The LDF and similar other voluntary disclosure schemes are now closed and has been replaced by the Worldwide Disclosure Facility (WDF) but will not offer favourable terms. Learn more about the Worldwide Disclosure Facility.
Partner - Tax
Senior Tax Manager (ex-HMRC)
Changes in IR35 rules from 2021 will mean employees, but through their own Personal Service Company (PSC), pay the same Income Tax and National Insurance contributions as other employees. From April 2021, businesses will have the responsibility of deciding whether the employment taxes and National Insurance contributions should be deducted.
HMRC have began issuing “nudge letters” to UK residents with a financial connection to Italy and potential tax liabilities on overseas income or gains, prompting them to make a disclosure under the Worldwide Disclosure Facility (WDF).
HMRC collected £34 million in penalties in September 2020, an increase of 62% from a low of £21m in May, after resuming tax investigations. After temporarily […]
Following the recent Wickford Developments decision, any property developer who has been refused VAT refunds on installing manual roller blinds into new homes should review the VAT lost in the past 4 years with a view to making a claim from HMRC. This decision follows that of an earlier case that HMRC chose to ignore (John Price) and HMRC were criticised for continuing with a policy that the courts had disagreed with.
Earlier this month (October 2020), HMRC issued “nudge letters” to the corporate owners of high value UK property with outstanding ATED (Annual Tax on Enveloped Dwellings) returns.
HMRC are targeting UK residents that hold NRI/NRO/NRE bank accounts in India. Attached is a Certificate of Tax Position prompting those with undeclared assets in India to declare under the Worldwide Disclosure Facility (WDF).
Airbnb have paid an extra £1.8m in UK tax following a HMRC investigation, in addition to a £1.1m tax bill paid on profits of £5.6m by Airbnb UK in 2019.
From 6 April 2020, there will be significant CGT tax changes that will dramatically affect the tax paid on residential property sales by private UK individuals. […]
What are HMRC doing? HM Revenue & Customs have launched an investigation into overseas landlords who may be avoiding paying the correct amount of tax. Owners […]
With fewer restrictions, a favourable tax regime, one of the most generous R&D tax relief schemes in the world, and a springboard to the US and […]