Tuesday 12 November 2019

HMRC Is "Incorrect"


Energy Voice reports that Awilco Drilling, headquartered in Westhill, near Aberdeen, said it was in “regular contact” with HMRC regarding part of its income booked in 2015.

The company believed it could use its accumulated losses to offset the income, giving it a reduction in tax liability for the year However, HMRC disagrees and has levied a £7.7M tax bill on Awilco.

In the firm’s third-quarter results announcement, Awilco’s management said they were “of the opinion that HMRC is incorrect” and have challenged the decision.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

2 comments:

  1. Indeed they are. Adding up and working out tax liabilities isn't a strong point for HMRC.

    https://www.heraldscotland.com/sport/18034919.hmrc-overestimated-rangers-tax-bill-by-50-million/

    ReplyDelete
  2. Ahhh. The glorious Inland Revenue and the alcohol fueled Friday's it gave me.. Kenneth Arthur and Hartnett.. RIP Kem. If I had to choose a fucking scumbag who cost the country a fortune between you two, I know which one it would be.

    https://www.dailymail.co.uk/news/article-7668473/How-Ken-Dodd-not-guilty-cheating-taxman-hiring-lawyer.html

    ReplyDelete