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Combatting money laundering, Pt 2
By: Alex Byrne Dishing the dirt Related articles Protecting against money laundering New anti-money laundering regulations KEY POINTS Tax practitioners should take care to ensure that clients are not tipped off about money laundering reports. Understanding when a suspicious activity … Continue reading
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Money Laundering
Combatting money laundering By: Alex Byrne 27 November 2018 Alex Byrne sets out the ways practitioners can protect themselves from the charge of money laundering and looks at published guidance. Related articles Protecting against money laundering New anti-money laundering regulations … Continue reading
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Undeclared Tax
HMRC are focusing on people who have been in business for years or have perhaps rented property, and not told HMRC. They have launched a new publicity campaign – “HMRC are closing in on undeclared income”. The campaign encourages people … Continue reading
Real Time Information (RTI) & Centralised Deductions (CD)
RTI is to be implemented for most employers from April 2013. Instead of employers just paying PAYE & National Insurance on the 19th of the month and filing an annual PAYE Return (P35), employers will now have to return details … Continue reading
Why the average UK company cant do what Starbucks can
Starbucks UK profits are apparently reduced by · Paying royalties (eg so the UK company can use Starbuck products/brand name) to another Starbucks company in another country with low tax rates · Buying raw material (coffee beans) through a Swiss … Continue reading
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PAYE CHANGES
PAYE REVAMP STILL ALIVE AND WELL. I thought the proposals to revamp PAYE had died a death but reading past issues of Taxation I saw that a second stage consultation had been issued by HMRC in December last year. The … Continue reading
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BUSINESS RECORD CHECKS
Are HMRC right to focus on Business Records in isolation? When I predicted in a recent article that I foresaw no push on the part of HMRC towards making traders keep contemporary records of sales and expenses, I had not … Continue reading
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Complaining about the Tax Inspector
HMRC have been HM Revenue & Customs for several years now and yet we see “Inspectors of Taxes” working Enquiries and settling Income Tax liabilities as they always have and then handing over to the “VAT Officer” who makes his … Continue reading
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HMRC Mistakes & Delays
An area that has received a lot of scrutiny recently is ESC A19 (HMRC delays in using information). The Adjudicator called together representatives of the Parliamentary and Health Service Ombudsman (PHSO) and HMRC to discuss the handling of these cases. … Continue reading
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HMRC writing direct to clients
HMRC have been writing direct to clients in investigation cases. There are no grounds for this if there have been no delays and the client has not asked requested it. Clients do not want to hear direct from HMRC. I … Continue reading