Category Archives: Tax, Audit & Accounts

February 03, 2010

HMRC penalties – Disproportionate?

A recent VAT Tribunal case Enersys Holdings UK Ltd has highlighted the potential to revisit penalties charged by HMRC where the penalty is disproportionate to the error made.
January 28, 2010

Offshore planning

I am sometimes amazed where people get their advice from.  I was at a seminar this week and was told, over coffee, by one of the businessmen there that he had “gone offshore”.  I assume he had bought a holiday home and asked “anywhere nice?”.
December 15, 2009

Ho-Ho-Ho

With Christmas nearly upon us, I thought it would interest readers to know some of the tax rules that surround some Christmas traditions at work.
November 25, 2009

Unusual Taxes – Part 2

As a follow up to my earlier blog, here are some more unusual taxes from the past and more tax planning, which shows that no matter how crafty the Taxman, those interested in saving tax can be just as crafty….
November 13, 2009

Unusual Taxes

It’s not just this Government that is always looking for new things to tax. Throughout history, the Taxman has sought new ways to get money…and the diligent tax planner has sought ways to avoid them.
October 26, 2009

The (tax) Inspector Calls…

HMRC have had a good run of late. 300 banks have been ordered by the tax tribunal to disclose details of offshore accounts held by their UK resident clients. Last year, they obtained a similar ruling against the big 5 high street banks.
September 28, 2009

Tax Avoidance – The new morality

Even the Politician’s have given up any thought of defending their expenses and whenever challenged seem to resign (agree not to stand again!) and adopt a stony silence. The picture that comes most easily to mind is that of Del Boy in Only Fools & Horses saying “Maya Culpa Rodney Maya Culpa”.
September 23, 2009

“Taxpayers Charter”

In the mid 1980’s when I was first setting out in the profession there was a “tax payer charter” and it had some teeth.
September 22, 2009

Oh What a Wicked Web We Weave…

Entertaining though it was, I suspect that, as ever, Panorama’s exposé of the shady goings on at Lloyds TSB’s offshore arm in Jersey generated more heat than light.
August 20, 2009

What serious client crisis???

A team member came up to me today and asked if I knew anything about the “serious client crisis”.
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