Category Archives: Inland Revenue

Taxfile passes HMRC inspection with flying colours!

HMRC have recently been targeting tax agents who file high volumes of tax returns and, as one of the UK’s top 100 tax return preparers by volume, Taxfile had the honour of having an inspection by HMRC inspectors during late … Continue reading

Posted in accountancy, accountants, Dulwich, expenses, HM Revenue and Customs, hmrc, income tax, Inland Revenue, london, records, self-assessment, south london, tax, tax accountants, tax agents, tax determination, tax inspector, tax returns, Tulse Hill | Tagged , , , , , , , , , , | Comments Off

Record haul by HMRC in tax avoidance crackdown

Back in January we reported that HMRC had raised an extra £20.7 billion in additional revenue for the financial year 2012-13 as a result of it’s drive on tax compliance and a massive crackdown on tax avoidance by organisations and … Continue reading

Posted in 2014, accountancy, accountants, Chancellor of the Exchequer, Chancellor's Autumn Statement, Dulwich, enquiry meeting, George Osborne, HM Revenue and Customs, hmrc, income tax, Inland Revenue, london, records, revenue determination, sme, south london, tax, tax accountant, tax accountants, tax advice, tax advisers, tax enquiry, Tax fraud, Tulse Hill, Undeclared income | Tagged , , , , , , , , , , , , , , , | Comments Off

The Taxpayers Charter & how it can help you

Many ordinary working taxpayers do not even know it exists, but The Taxpayers Charter is there to make sure that HMRC give you a service that is even-handed, accurate and based on mutual trust and respect. HMRC also want to … Continue reading

Posted in accountants, enquiry meeting, HM Revenue and Customs, hmrc, Inland Revenue, inspector of taxes, london, tax, tax advisers, tax agents, tax enquiry, tax inspector, tax office | Tagged , , , , , , , , , | Comments Off

HMRC’s ‘Direct Recovery’ of owed tax – straight from your bank account!

Part of the Chancellor’s recent Budget included plans to recover tax owed to the Treasury direct from the debtor’s bank account — all done directly and without a Court Order being necessary. This has been criticised widely but HMRC says … Continue reading

Posted in accountancy, accountants, advice, Budget, Chancellor of the Exchequer, hmrc, income tax, Inland Revenue, penalties, tax, tax accountant, tax accountants, tax advice, tax advisers, tax affairs, tax agents, tax bill, tax inspector, tax liability, taxes | Tagged , , , , , , | Comments Off

It’s official: thousands are on the wrong tax code!

With the tax return deadline being only hours away (midnight 31 January 2014) there is still time to get professional help if you need it – particularly because HMRC  often get it wrong according to new research by UHY Hacker … Continue reading

Posted in advice, deadline, employee, filing deadlines, HM Revenue and Customs, hmrc, income tax, Inland Revenue, inspector of taxes, key dates, late return, london, pay as you earn, PAYE, penalties, penalty, rebate, self-assessment, south london, tax, tax accountant, tax accountants, tax advice, tax advisers, tax affairs, tax agents, tax bill, tax code, tax determination, tax experts, tax inspector, tax liability, tax office, tax return, tax returns, taxes, taxfile, taxman, taxpayer, taxpayers, Tulse Hill | Tagged , , , , , , , , , , , , | Comments Off

HMRC’s fight against tax avoidance is bearing fruit

HMRC has reported that it raised an extra £20.7 billion in additional revenue during the financial year 2012-13, a result of its continued push on tax compliance and anti-avoidance measures. That’s an increase of £2.1 billion on the preceding year … Continue reading

Posted in Chancellor's Autumn Statement, HM Revenue and Customs, hmrc, Information sharing, Inland Revenue, tax, Tax fraud, taxes, taxman, Undeclared income | Tagged , , , , , , , , , , , | Comments Off

Assets hidden offshore? Not for long!

Financial information sharing now reaches the Cayman Islands, Isle of Man, Jersey and Guernsey. On November 5th, Her Majesty’s Revenue & Customs (‘HMRC’) announced that the Cayman Islands had joined the ever-growing list of offshore territories which will now automatically … Continue reading

Posted in disclosure, higher rate tax payers, HM Revenue and Customs, hmrc, income tax, Information sharing, Inland Revenue, non-domiciled residents, tax, tax determination, Tax fraud, tax inspector, Undeclared income | Tagged , , , | Comments Off

HMRC now has landlords in their sights

HMRC (Her Majesty’s Revenue & Customs) has announced some new initiatives over the course of the last month and one of these is The Let Property campaign which is a campaign designed to recover undeclared tax from those receiving income … Continue reading

Posted in accountancy, advice, buy to let, capital gains tax, CGT, disclosure, HM Revenue and Customs, hmrc, income tax, Inland Revenue, land and property, landlords, lettings, lettings income, penalties, penalty, Principal Private Residence, property investor, south london, tax, tax advice, tax advisers, taxes, taxman, Undeclared income, Value Added Tax, vat | Comments Off

HMRC now see payments you receive via credit card!

On September 1st 2013 new legislation kicked in which allows HMRC automatic access to data showing payments made to businesses via credit card, going back as long as 4 years. HMRC will receive this information direct from the companies who … Continue reading

Posted in book keeping, Credit Cards, HM Revenue and Customs, hmrc, income tax, Inland Revenue, records, self-assessment, south london, tax, Undeclared income | Comments Off