Having attended many HMRC PAYE and VAT visits at clients premises over the years there is a common theme of “easy pickings” for HMRC to discover and then raise assessments in respect of under-declared Tax.
Our steadily-growing financial planning team has been further bolstered by the arrival of Chartered Financial Planner Simon Lake.
HMRC have been running a Let Property Disclosure campaign for some time now and over the last 12 months more people have come to me asking for advice in making a disclosure under the scheme. Many people incorrectly think that if their expenses are exceeding their letting income that it isn't necessary to disclose their lettings on a self assessment return.
We’re thrilled to announce we’ve been shortlisted for the prestigious British Accountancy Awards, our profession’s annual “Oscars” event, in the Mid Tier Firm of the Year category!
The introduction of the “residence nil rate band” with effect from 6 April 2017 is arguably the most significant development in the inheritance tax legislation since 2007 when the then Labour Government permitted the “standard” nil rate band to be transferred to a surviving spouse or civil partner.
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