A tribunal recently considered a case relating to tax consequences of a director investing company money in his personal bank account. The judgement was nt in favour of the company director. But does this mean that it is something illegal?
If you take into consideration the amount of tax you have paid over the years in various forms, you may look back and find areas where you could have saved money. According to a tax expert, there are 04 things that you should do in order to reduce your tax burden..
If you think that you were not correctly advised on your tax affairs or a relating tax investigation and HMRC refuses to accept, this makes the matters worse. Will this be the end of your tax investigation? And are you liable completely for the wrongdoing? Are there any steps for you to pursue justice? Keeping your […]
Do you have any idea about the latest tax investigation special forces teams de4ployed by HMRC to catch tax dodgers? The latest approach by HMRC has lead to the launch of five new investigation task forces to speed up the process of catching tax evaders. They will carry out targeted tax enquiries. What are the […]
There are different benefits for people who work less than 16 hours a week and for people who work 16 hours or more. How will the tax credit be calculated based on hours or work? If you have more than one job, you should add the hours from both jobs together.However, if the number of […]
The government in its latest move on hunting for offshore tax evading companies have intensified its effort in bringing the culprits to book.. The unit dedicated for this endeavour is the Offshore Co-ordination Unit of HMRC. Its duty is to scrutinise extra information of UK taxpayers with money abroad.