If you choose an accountant who is not regulated and then somewhere along the way they make errors in you accounting affairs, it is you who will be held responsible by HMRC. If you choose an accredited accountant, you will get the best advice, quality services and finally, total peace of...
HMRC has now launched an online portal to enable employees or members of the public to report suspected fraud under the scheme and earlier this month HMRC confirmed they had made their first arrests for furlough abuse. “HMRC has a duty to investigate where it believes fraudulent activity is ...
One final point another member in the forum mentioned is any positive feedback from agents fixing a glitch go to Trustpilot We had when an issue this week where the QB vat return could not be made and it turned out every 18 months we have to un...
Make sure your offshore bond tracker says it’s a reporting fund on its factsheet. HMRC also publish alist of reporting funds. Offshore bond funds / ETFs are subject towithholding taxjust like equity funds. If your bond fund is domiciled in the UK then reporting status and withholding tax...
The decision was influenced by a legal statement produced by the UK Jurisdiction Taskforce, which clarified that crypto-assets have legal status as property (consistent with how HMRC has treated these assets). However, civil lawsuits are often complicated and lengthy endeavours. Infamously, civil ...
SEIS-eligible ventures with the hopes of returning a profit to all those who have invested in the fund. SEIS is short forSeed Enterprise Investment Scheme, a scheme run by the HMRC that offers significant tax reliefs for those who invest in either an SEIS fund or SEIS-eligible ventures ...
HMRCdecided to get in the act byissuing a press noticepointing out that the torch is achattel– tangible moveable property – the significance of this being that ifsold for more than £6,000 a capital gains tax liability might arise. They also pointed out thatonline tradersand others might...