Search Results for: HMRC
Accountant accused for client’s NIC oversight
August 8th, 2014
Self-employed Sean Murphy has been accused of not paying any Class 2 National Insurance contributions from 1995 until 2012 because he had not told the then Department of Social Security of his self-employment. The trial will rule as Murphy ...
DOTAS ‘kiss of death’ for tax avoidance schemes
August 5th, 2014
The Dotas regime has become the “kiss of death” for tax avoidance schemes and has pushed some promoters into providing non-DOTAS structures instead. The Disclosure of Tax Avoidance Schemes (DOTAS) sees anyone entering into a scheme generating tax savings ...
Vodafone wins VAT rebate appeal
August 4th, 2014
Vodafone is entitled to reclaim £4.1m in VAT, a tribunal has ruled, after the mobile phone operator paid too much VAT after using a loyalty scheme to rewards its customers. Vodafone argued that that it should have reduced its ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
Plans outlined to amend tax rules to enable new simplified reporting of VAT owed for supply of digital services
July 30th, 2014
Proposed amendments to UK tax rules are being consulted on by HM Revenue & Customs (HMRC) to recognise a new simplified mechanism that is being introduced for reporting VAT owed on the supply of digital services following changes to ...
Why use a specialised small business accountant
July 29th, 2014
Starting your own business can be a difficult task. You know you have a great idea, you sound it out to some friends and work colleagues who tell you you’ll make millions. You finally get the confidence to take ...
Sweden Calls For EU Ruling On Bitcoin Taxation
July 22nd, 2014
Sweden has asked the European Union to provide definitive rules on the Value Added Tax treatment of cryptocurrencies, such as Bitcoin, after concerns raised by the nation about the UK’s revised position, issued in March. On June 2, 2014, ...
New tax reliefs complicate the system and offer more opportunities for tax avoidance’ MPs warn
June 27th, 2014
A committee of MPs has accused the Government of creating more opportunities for tax avoidance by introducing new tax reliefs which cost the country £100billion a year. The Government’s Office of Tax Simplification has introduced 134 new tax reliefs ...
Devon VAT fraud accountant jailed
June 24th, 2014
Devon accountant Robert Carpenter was jailed at Exeter Crown Court last week after pleading guilty to a £95,000 VAT fraud. The accountant from Barnstaple was sentenced to 12 months’ imprisonment and was also banned from being a company director ...
Accountant jailed for £95,000 VAT fraud
June 19th, 2014
An accountant from North Devon has been jailed for a £95,000 VAT fraud. Robert Leonard Carpenter pleaded guilty after he was caught when HMRC became suspicious of his VAT repayments and requested his invoices. He later admitted that much ...
