
Tax Enquiry Advice Partnership |
| Remember not all tax advisers can deal with all taxes nor do they realise how much (or rather how little) HMRC can do. However it also has to be remembered that since 1st April 2009 the procedures for obtaining information from taxpayers and other third parties have changed along with some of their powers and deterrents. If the matters are important enough then you also might have to contend with visits at very short notice and handling the new Schedule 36 information powers. Make sure that your tax adviser is up to scratch and ring Bill on 07751720507 or Vicky on 07899913414 |
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| The HEALTH PLAN - If you are a GMC register medical professional see the following link Doctors Health Plan then call Bill on 07751720507for experienced help if you got it wrong or have doubts. New Disclosure Opportunity - The second tax amnesty arrived on 1st September 2009 with taxpayers having the opportunity to get a low 10% penalty on the tax evaded if they had understated their tax liabilities in respect of income arising overseas (in an offshore bank account). It closed however in March 2010 and HMRC have been ploughing through the bulk information to challenge taxpayers who have not apparently taken the chance to put matters right. From problems seen by the firm it is clear that DIY NDO's were not a good idea as all taxes need to be considered and for incomplete disclosures there could be problems that might not be settled for money (i.e. there could be possible prosecution if serious enough). Get the help and expertise available from Tax Enquiry Advice and don't take the chance of getting it wrong again. We should be working together as quickly as possible as obtaining the information needed to make your disclosure could be difficult or time consuming. Be WARNED - You needed to take that opportunity as HMRC still hold information in relation to tax evaders from the last "amnesty" and inevitably they will want to make examples of somebody at some time. The new Contractual Disclosure Facility - "CDF" -could end up with HMRC having their cake and eating it if you engage a professional who is not experienced in the ways of working large Civil Settlements with HMRC. Since this new scheme hit the stocks in February 2012 HMRC can now withdraw from an agreement to deal with matters civilly if you (a) do not advise your disclosure and sign up to the scheme within 60 days of HMRC approaching you and offering you the CDF (b) you change your mind (c) you do not make a full disclosure within the agreed timespan (d) you stop co-operating Gone are the days when so called advisers could tell you to take up HMRC's offers of COP9 and having obtained immunity from prosecution just do nothing material or quickly. This can only be good news for our way of working - namely, full disclosure and cooperation tempered with a wicked sense of justice in legally minimising HMRC's take. Make sure that it isn't you that is put in the frame by others incompetence and get experienced help from Bill Stevenson or Vicky Young Ring us for a short chat on 07751720507 (Bill) or 07899913414 (Vicky) or send us a message using the Feedback Form |