The latest case of concern with respect to corporation tax avoidance is the online retailer Amazon. This accusation is mainly based on the fact that since 2006, its UK business has been a subsidiary of its European headquarters in Luxembourg. As a result, anyone buying anything from Amazon in the UK makes a payment to […]
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.
When it comes to your tax return, deadline for filing is extremely important. However, most people are complacent of this deadline set by HMRC and ends up paying needless penalties. Therefore, it is important to remember of the advantages that online filing of your tax return can bring you. This process has been facilitated by […]
Selling your business can be an extremely complex and a time consuming exercise, and can require the expertise of professionals such as consultants, accountants, and tax advisors. If you find you don’t really want to sell your business, you have the option of reorganizing your business on a tax-deferred basis. This is one of the […]
Electronic communication and transactions are an integral part of dealings with HMRC. However, as always there are two sides to every story. Along with the many advantages comes the risk of frauds and scams. Complaints on individuals claiming to be someone they are not, and obtaining information they are not entitled to, are the most […]