Tax where cares are are used for business and private purposes

There are a number of situations where care needs to be taken in the way in which claims are made for the business use of a vehicle, usually a car,  that has duality of use – business and personal. Here are some of the situations to be aware of.   1.    If you are...

Medics travel expenses

In what might be a landmark decision in the interpretation of ‘wholly and exclusively’ expenditure, Dr Samadian has lost his protracted battle with HM Revenue & Customs (HMRC) over his claim for business mileage. Dr Samadian has 56 days to appeal against the...

HMRC destroy a family company and 32 jobs !

The Daily Telegraph has described how HMRC applied to a Judge for the right to liquidate a company, saying that fraud was being comitted, when actually, there was no evidence of fraud. The application was granted, and HMRC liquidated the company. Thirty two people...

Swiss Bank Accounts

Swiss bank account holders beware. UK residents with Swiss bank accounts should be aware that new taxation arrangements are scheduled to come into force on 1 January 2013. The new tax agreement between the UK and Switzerland means that account holders must either...

Rag trade and alcohol industry targeted

HMRC has launched taskforces to tackle tax cheats in the rag trade, the alcohol industry, and property rental sector on 19 November by HMRC. The specialist taskforce teams will target those who do not pay the right amount of tax in: • the rag trade in the Midlands,...