Tax and Financial Planning

• HMRC Challenge Gifts in Absence of Formal Deeds

  • Posted4 September 2015

  Gifts made more than seven years before the death of the donor do not generally attract a charge to Inheritance Tax (IHT) on the donor’s death. However, where the...

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• Vagueness of Request Negates HMRC Demand for Information

  • Posted18 August 2015

  When undertaking tax enquiries, HM Revenue and Customs (HMRC) are well known for embarking on ‘fishing expeditions’ for information. In a recent case, a company which was under enquiry for...

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• Previous Accountant’s Failure Not a Reasonable Excuse

  • Posted31 July 2015

  When an accountant failed to file a client’s year-end PAYE return, the first inkling the director of the company involved had of it was many months later – when the...

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• HMRC to Excuse Late Filing of Tax Returns

  • Posted14 July 2015

  HM Revenue and Customs (HMRC) have traditionally taken a very tough approach regarding time limits, and many cases arising out of HMRC’s failure to accept what the taxpayer claimed was...

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• Tribunal Backs Rectification of Mistake

  • Posted25 June 2015

  The tax tribunals are not generally known for a free and easy approach to issues. They do, however, have a degree of discretion to correct obvious errors and a recent...

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• Investment Fraud a Reminder of Need For Caution

  • Posted11 June 2015

  Clients are warned that the new pension reforms, which now allow pension funds to be treated almost like a personal piggy-bank, are likely to lead to an upswell in attempts...

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