A national firm of accountants says HMRC is stepping up investigations relating to cryptoassets. If you own Bitcoin assets, should you be worried?
Published 20.02.2024
The First-tier Tribunal (FTT) recently had to decide if HMRC was right to issue tax assessments and penalties because a taxpayer had provided inadequate information about her income. What practical
advice can be learned from the FTT’s ruling?
Published 03.04.2024
A First-tier Tribunal recently considered whether HMRC was entitled to issue an assessment after the normal time limit had passed. The accountant’s actions were key to the outcome. Why, and how might
this affect your choice of tax advisor?
Published 08.03.2022
There are strict time limits which prevent HMRC starting enquiries into your tax returns. However, the law gives it another bite of the cherry through the “discovery rules”. How can you defend
yourself against these?
Published 18.04.2018
Out of the blue you’ve received a request from HMRC for more information about your accounts. As the time limit for an enquiry has passed, is HMRC entitled to it or can you refuse?
Published 22.01.2019
In May 2019 the Court of Appeal ruled on HMRC’s handling of a dispute over a self-assessment tax return relating to an avoidance scheme. The ruling included helpful pointers for anyone completing a
tax return. What did the judges say?
Published 26.06.2019
HMRC adopts a “process now, check later” system for self-assessment tax returns. That means it usually processes tax returns assuming they are correct but reserves the right to make enquiries. But
how long does it have to do this?
Published 17.05.2024
Following a long investigation our subscriber agreed to adjustments to his tax return. His accountancy and legal fees far outweighed the extra tax he had to pay. But will HMRC accept a tax deduction
for these?
Published 07.01.2019
The First-tier Tribunal recently ruled on a long running battle over the validity of tax assessments. A key issue was whether the taxpayer’s tardiness gave HMRC the right to extend the time limits
for issuing them. What was the outcome?
Published 31.05.2022
Tax inspectors will soon have more powers to dig into your tax affairs. What’s more, the new rules will apply retrospectively. What’s the full story?
Published 26.01.2022