Blog16th Dec 20242024 Business Unit Year In ReviewAs we close the chapter on another year, it’s the perfect moment to reflect on the progress, milestones, and opportunities that shaped our journey. Across our business units, 2024 has been a year of collaboration, growth, and delivering value where…By James Pirrie, Ian Bremner, Lauren McCluskey, Paula Fraser, Alasdair Green, Andrew Dines, David Purse, Alan Campbell, Neil Robb, Gordon Steele and Louise McCoshView more
Blog26th Jul 2024Will You Be Caught By HMRC Trying To Bridge A £40 Billion Tax Gap?Whether it’s a knock on the door, a phone call or a letter with the tell-tale HMRC logo, there’s little that will strike more fear into the heart of any individual or business owner than an unexpected enquiry from HM…By Stuart PetrieView more
Blog1st Aug 2023Pandora Papers opens HMRC Offshore Tax Pandora’s BoxThe recently published Pandora Papers put offshore tax in the headlines once again. If you have undeclared offshore income or gains, it is important to act now. The Pandora Papers are thought to contain the names of over 750,000 companies…By Seamus McElvannaView more
Blog17th Jan 2023The hidden tax pitfalls of cryptocurrencyIf cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk…By Lynn GracieView more
Blog18th Mar 2022HMRC investigative activity is on the rise…Tax investigations specialists have long anticipated increased tax investigation activity following the suspension of investigation work by HMRC during the height of the COVID-19 crisis. We are now seeing evidence of this increased activity being reported and the rise in…View more
Blog28th Oct 2021Non Resident Landlords continue to own up to HMRC…Around 250 non UK resident landlords voluntarily disclosed previously undeclared rental income for 2020/21 to HMRC, via their ongoing “Let Property Campaign”.View more
Blog7th Jul 2021Crypto Assets – HMRC seeking ownership declarationsFollowing HMRC’s drive to aid the economic impact of the COVID 19 pandemic and a surge in recent enquiries into tax affairs of individuals and companies alike, HMRC have confirmed that e-money value transfer systems and Crypto assets are on…View more
Blog13th Oct 2020HMRC have undeclared holiday letting income in their sights…The 2019 financial statements for Airbnb have recently been published and include a note confirming that it will share data with HM Revenue & Customs (“HMRC”) about the letting income earned by its hosts in the 2018 and 2019 tax…View more
Blog11th Jun 2020HMRC Toughen Its Stance – Additional HMRC Task Forces & Criminal ProsecutionsHM Revenue & Customs (HMRC) specialist task forces are believed to have collected over £540 million in extra tax revenue in the last financial year. Since their inception in 2011 there have been well over 100 different task forces focusing…View more
Blog5th May 2020Successfully Navigating Disputes with HMRCWith the many measures adopted during the ongoing COVID-19 crisis, HM Revenue and Customs (HMRC) has been supportive of businesses in the current difficult climate. However, this more helpful approach is different from the normal face HMRC presents to taxpayers. View more
Blog20th Mar 2020“HMRC are not of course infallible…”The above quote from Lord Justice Lewison in the Leeds City Council vs HMRC Court of Appeal case plays a key role in the recent successful Aggregates Levy appeal of Lovie Limited [TC07606].View more