Solicitors have less than two weeks to make sure their tax affairs are correct before the end of HMRC’s solicitors’ tax campaign.
Employers who used an Employee Benefit Trust (EBT) before the 6 April 2011 must notify HMRC by 31 March 2015 if they wish to take advantage of the beneficial terms offered by the EBT Settlement Opportunity to settle any consequential PAYE and National Insurance liabilities.
Just when a lot of pensioners thought they would be outside of the tax net, with rising personal allowances and an intended new £5,000 nil-rate band for savings income, the Government has dreamed up a way of getting them back in to the tax system by having to make repayment claims.
In their unrelenting campaign to challenge and change behaviour, HMRC are now likely to use their new powers to issue follower notices to members of other Eclipse LLPs.
Our pre-Budget and year end tax planning issue of our Tax Update outlines several steps you can take to organise your affairs and legitimately minimise your tax burden ahead of the Budget and tax year end.
HMRC has issued its definitive guidance on claims by non-profit making members’ sports clubs for overpaid VAT on supplies of sporting services made to non-members.
There is very real concern regarding the legality of HMRC demands, in particular the issue of APNs. We have been leading the way in ensuring that HMRC only seek to collect tax where they have a legal right to do so.
Following recent reports criticising HMRC for its failure to take criminal action against investors who sought to evade tax through offshore bank accounts, HMRC have responded by issuing a statement.
Tax scheme investors are the focus of HMRC and ought to make provisions for the payments likely to be required as result of an Advance Payment Notices.
Concern has been growing regarding HMRC’s increasing focus on BPRA investments in respect of the issue and enforcement of Advance Payment Notices (APNs).