High earners, take note: HMRC is going after you to check you're paying the right amount of tax.
Robert Maas takes a look at the sort of people who seem likely to be wrongly criminalised as a result of failing to declare overseas income.
Here are five top tips for completing your Self Assessment at the very last minute. Don't get caught out!
Mubaloo founder and digital entrepreneur Mark Mason has joined the leadership team of R&D tax credit consultancy ForrestBrown in order to assist the firm’s continuing growth and help digital technology firms access the ‘considerable levels’ of tax relief they may be eligible to claim against R&D spend.
Lesley Stalker, tax partner at RJP, looks at the issue of tax relief schemes and distinguishes between those advised, and those not.
According to the headlines, this time of the year brings doom and gloom for those that fall under the dreaded self-assessment bracket. Unfortunately, the reports aren’t far from the truth.
The government announced in April 2014 that they intend to create a new criminal offence of failing to declare overseas income. This will be a strict liability offence. It will not matter why the income was not declared. All that HMRC will need to show is that you had taxable income arising overseas and that such income has not been shown on your tax return.
As the latest organisation turning to social media as a solution, Her Majesty’s Revenue & Customs have been roundly mocked for suggesting tweeting may be a quicker way to get queries dealt with.
Starting 6 July 2015, businesses need to have registered all employee share schemes with HMRC and filed online returns in relation to them. However, lawyers warn that many SMEs are still unaware of the penalties involved.
We often hear that businesses should embrace modern technology and contemporary working practices if they’re to succeed in the 21st Century economy.
A new report from Reuters law division has found that HMRC prosecutions were up by almost a third in 2013/14.
How would you react if you had a Facebook friend request from HMRC? Would you accept it with open arms or block it straight away?