HMRC's Flawed Plans

 

The House of Lords is unimpressed with plans to give HMRC more powers would allow it to force financial institutions to provide information about people’s assets without court approval.

The Lords are of the view that the plans are “flawed” and part of a trend of removing taxpayer protections.

In a report released on Saturday, the Lords economics affairs committee strongly criticised a proposal contained in the draft finance bill, which would become law if approved by parliament next year. 

 The measure would require banks, investment advisers, fund managers, credit unions, insurance companies and credit card issuers to divulge information about their customers if served with a “financial institution notice” by HMRC. 

The information would be used by the authority for checking an individual’s assets for tax purposes or the collection of tax debts. Currently, HMRC can only ask a third party to provide information about an individual’s financial affairs if the person agrees or the tax tribunal approves the request. 

As per the FT:

“[The committee] is very concerned about the removal of taxpayer safeguards for information requests, particularly the need to request permission from the tax tribunal.

These proposals are flawed and not supported by evidence.”

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

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"

HMRC's Offshore Debt Collection Racket

 

The Times reports that debt collection firms hired by HMRC and local councils include some that have owners based in tax havens, eg LCS owned by Anderw Barclay who based in Jersey.

Another of the companies is owned by a family that ran a notorious payday loan firm.

DO AS WE SAY, NOT AS WE DO!

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

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"

HMRC Recruiting Brexit Trade Experts (£20K-£25K pa)

 

HMRC is looking to hire hundreds of advisers to help businesses deal with red tape when moving goods from Great Britain to Northern Ireland after Brexit.

Job adverts for “customs and trade advisers” call for candidates with at least two years’ experience in global trade who are prepared to work from home for a salary of £20,000 to £25,000. The ads say that a laptop and training will be provided.

Here is a link to one such job advert, for the home based role. 

RESPONSIBILITIES & TASKS

• Deal effectively with inbound enquiries, provide timely, accurate and guidance on trader registration and declaration submissions
• Effectively refer members and customers to a wider Trade team and other parties as required
• Gathering data on EORI numbers, VAT numbers and commodity codes to tailor further engagement
• Checking of all relevant customs and trade documentation
• Data Administration and validation
• Accurately complete and submit of customs declarations using simplified, summary, and standard procedures
• Delivering service in line with HMRC standards
• Liaising and effectively communicating with other Government agencies such as HMRC as and when required
• Supporting other team members by sharing best practice
• Effectively recording of customer & partner interactions on CRM and any other relevant processes as required

Staff will work for the Trader Support Service (TSS), set up by HMRC, and run by Fujitsu and the Custom Clearance Consortium. The Times reports that the TSS has a budget of £200M and staff requirement of 800.

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  

Please click here for details.

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"

Death Is a Reasonable Excuse For Late Filing

 

Stokes vs Revenue and Customs

 

"HMRC’s decision was, in my view, flawed, because it did not take into account a relevant fact, being that the appellants’ tax agent was not paying attention to his clients’ affairs between April 2019 and the time the tax returns were filed, due to his father’s illness and death. This means that the Tribunal can reduce the penalties if it thinks it right because of special circumstances."

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

Please click here for details.


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"

HMRC's Sympathetic Customs' Approach

 

HMRC has told businesses trading across the Irish Sea it will take a "sympathetic" approach to new customs rules in January when the UK leaves the transition period of Brexit.

Northern Ireland will leave the EU's customs union at the end of the Brexit transition in January.

However, it will enforce EU customs rules at its ports, meaning goods coming from Great Britain will need declarations.

HMRC estimates that will involve 11m declarations a year.

HMRC official Aidan Reilly told MPs on the Northern Ireland Affairs committee his organisation was "acutely aware" that many traders are going to be entirely new to these customs processes.

He is quoted by the BBC:

"We will of course want to be sympathetic to traders in the early days of the regime who are trying to do the right thing but are not clear on what exactly they need to do."

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
• Premiums are Annual Premiums.
• Premiums are inclusive of 12% IPT. 
• Premiums and IPT are due in full in advance / at commencement of scheme.
• There is a NIL excess on all policies.

Please click here for details.


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"