An Englishman’s Home is his Castle?
Or is HMRC undermining it? “Everyone” knows a capital gain on your own residence is “tax exempt”. “Everyone” knows offshore gains are “tax exempt”. Isn’t this in the Press on a regular basis? …
Requirement to Correct – 30 September Deadline Looms
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Disclosure HMRC Double Taxation Residence Capital Gains Tax Income tax Contractual Disclosure FacilityThe Weather Today – Scorchio! BUT 30 SEPTEMBER DEADLINE LOOMS WINTER IS COMING! Requirement to Correct Many people over the years of the world becoming smaller and more accessible may have acquired assets abroad. For …
Offshore Client Notifications – Are you Affected?
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Disclosure HMRC HMRC Investigations Capital Gains Tax Income tax Eaves and Co Inheritance Tax Contractual Disclosure FacilityWe have written previously on this blog about various HMRC offshore disclosure facilities designed to encourage taxpayers to come forward and declare any unreported foreign income or gains. HMRC continue to acquire new powers in …
Worldwide Disclosure Facility – Last Chance to Disclose?
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Disclosure HMRC HMRC Investigations Capital Gains Tax Income tax Eaves and Co Inheritance TaxHMRC have announced the Worldwide Disclosure Facility (WDF) the latest in a long line of disclosure facilities designed to encourage taxpayers to come forward to disclose previously unreported offshore tax liabilities. Unlike its predecessors, the …
VAT Penalty Reduced – J & W Brown
A recent case concerned penalties that arose on a taxpayer due to a technicality. The taxpayer had run a business as a VAT registered sole trader. He brought his son in as a business partner, …