Tax

• Accurate Record-Keeping Saves Clothing Traders from Swingeing VAT Bills

  • Posted29 April 2022

  HM Revenue and Customs (HMRC) investigations can be a daunting and potentially very costly experience for any business. However, as a tax tribunal ruling showed, clear and comprehensive record-keeping is...

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• Criminal Defence Costs Incurred Solely for Purposes of Trade

  • Posted24 March 2022

  Only expenses that are incurred wholly and exclusively for the purposes of trade can be deducted from a business’s tax liabilities. That threshold is, to say the least, a demanding...

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• This is What Can Happen If You Fail to Keep Proper Tax Records

  • Posted4 March 2022

  Keeping proper tax records may be time consuming and laborious, but a failure to do so can have disastrous consequences in the event of a visit by an officer of...

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• Tax Evasion May Put Employment Rights in Jeopardy

  • Posted4 February 2022

  Tax evaders rarely understand the potential consequences of their wrongdoing. That was certainly so in the case of two cab drivers who underdeclared their earnings to the tax authorities and,...

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• Employee or Self-Employed Partner? Guideline Tax Tribunal Ruling

  • Posted7 January 2022

  When discerning whether an individual is an employee or a self-employed partner in a professional firm, judges look beyond the label attached to their engagement and focus on the reality...

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• Received an Adverse Tax Decision? Don’t Delay Seeking Professional Advice

  • Posted3 December 2021

  If you are on the receiving end of an adverse tax decision, any delay in seeking legal advice can be fatal to your cause. In a case on point, an...

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