New figures published in the press this week reveal that HM Revenue & Customs (HMRC) is increasingly cracking down on perceived Inheritance Tax (IHT) avoidance by targeting estates it believes have undervalued residential properties.
About Gwyn Williams
In Business: Helping clients to protect and grow their business and personal wealth In Life: Cycling and chilling with my family
Entries by Gwyn Williams
HM Revenue and Customs (HMRC) collected £5.47 billion in extra tax in 2018 through fraud investigations – approximately seven per cent more than the amount collected the previous year (£300 million).
The Government announced that new laws are being put forward to Parliament to support small businesses, against unfair contracts that stop them raising money from unpaid invoices.
New Government figures indicate that gaining access to faster broadband has boosted UK businesses by £9 billion.
Businesses trading internationally can now use the first iteration of the new Customs Declaration Service (CDS).
Bankers and insurance brokers face a bigger income tax burden than ever before, accounting for more of the Governments largest source of tax revenue than any other industry. This is according to annual statistics published by HM Revenue & Customs (HMRC) on the distribution by industry of tax deducted from the pay cheques of employees […]
HM Revenue & Customs (HMRC) has warned taxpayers to declare any foreign income or profits on offshore assets before 30 September to avoid unwanted penalties.
MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings.
More than 320,000 taxpayers had their tax credits stopped or altered after they failed to inform HM Revenue & Customs (HMRC) of changes in circumstances, a new report has revealed.
Over recent years the UK tax system has become incredibly complex and this has been recognised by the vast majority of UK businesses, according to research from the British Chamber of Commerce (BCC) Avalara.
Registered to carry on audit work by the Institute of Chartered Accountants in England and Wales
Details about our audit registration can be viewed at www.auditregister.org.uk and www.cro.ie/auditors under reference number C001237469
Registered to carry out work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.
Clay Shaw Thomas is a trading name of Clay Shaw Thomas Limited.