A Tribunal recently ruled on a dispute between HMRC and a taxpayer over the losses shown in his accounts. What are the useful lessons any business can learn from the outcome?
Published 15.05.2018
Following an investigation, HMRC used trumped up figures to issue tax bills worth ten times what they should have been. It then told the business owners it was up to them to prove it wrong. Does HMRC
really have the power to do this?
Published 05.03.2014
The decision in a recent tribunal hearing makes painful reading for the Taxman. The judge tore his case to shreds. The judgment also pinpointed flaws in the Taxman’s general approach to
investigations; what were they?
Published 02.11.2010
The First-tier Tribunal considered whether the limited evidence gathered by HMRC in an enquiry justified it issuing tough demands for extra tax and penalties. What was the outcome?
Published 06.10.2021
Some of HMRC’s secret investigation strategy is now out in the open. Could this give you a head-start in avoiding an investigation?
Published 12.02.2009
You’ve read worrying reports about checks being made by HMRC’s Property Income Task Force. While you own a rental property, it’s only made losses to date and so you haven’t declared it. Can HMRC
penalise you?
Published 21.12.2012
Our subscriber received a letter from HMRC about one of her former employees. It wants to know about his working hours, holiday dates and other absences. Is it OK for her to divulge this information
to HMRC?
Published 28.06.2022
If HMRC makes an enquiry into your tax affairs it can seem like it’s going on forever. Tax inspectors often drag their feet over enquiries but expect you to respond promptly. What steps can you take
to get an enquiry wound up?
Published 19.02.2019
A friend collects rare toys, but recently she was forced to sell part of her collection for less than she paid for it. However, she tells you that she can use the loss to reduce the tax payable on
her other income. Is she right?
Published 16.02.2015
January 31, 2007 is the deadline for submitting your 2005/6 tax return. This is also the Taxman’s last chance to look into your tax affairs for 2004/5. Can he also ask you questions about other
years?
Published 18.01.2007