HMRC "Apparently Clueless"

 

Importing almost anything from the EU has descended into abject chaos, with HMRC apparently clueless on new VAT rules, and all kinds of other previously non existent charges. Easier and less costly now to import from the US, where there is no FTA. What the hell is going on?

— jeremy warner (@JeremyWarnerUK) March 10, 2021

Tax does have to be taxing.

Tax Investigation Insurance

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The Return of EU Duty Free?

Duty-free shopping with the EU is coming back, if we leave without a deal.

People travelling to EU countries will be able to buy beer, spirits, wine and tobacco without duty being applied in the UK.

🍺🍷Read more👇 https://t.co/a46CvaE8lJ pic.twitter.com/uqvzPtoFbO

— HM Treasury (@hmtreasury) September 10, 2019

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



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HMRC Challenged Over Data Sharing

An EU national is challenging HMRC over new rules that require tax authorities around the world to automatically exchange information on millions of their citizens who live abroad. In a complaint to the UK’s data protection regulator, the EU citizen said the common reporting standard — a key measure against tax evasion developed by international experts that is now being gradually introduced by more than 100 countries — made her personal information vulnerable to cyber hacking or an accidental leak.

In her complaint against the common reporting standard to the UK Information Commissioner’s Office, the EU citizen said the exchange of information required by the rules will expose her to “a disproportionate risk of data loss and potentially hacking”.

She is quoted by the FT:

“This risk has crystallised recently in light of incidents in which HMRC has lost data concerning UK taxpayers and recent data breaches concerning UK banks.” 

Her complaint cited how HMRC had lost the personal records of 25m taxpayers in 2007, as well as a media report in 2017 outlining how the tax authority’s website was vulnerable to cyber attacks. HMRC subsequently took action to fix the weaknesses.

HMRC declined to discuss the case but added:

“HMRC shares some personal data with overseas tax authorities to ensure that the right tax is being paid. HMRC only ever shares information when it’s entirely lawful to do so. This includes complying with applicable GDPR requirements.” 

The fact is data is vulnerable to hacking, even when the data is stored by "reputable/professional" organisations!

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



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Completely Cretinous

The proposal for a post-Brexit customs arrangement, that the EU rejected, has cost taxpayers £680K in consultancy fees paid by HMRC to McKinsey & Company.

The contract awarded in January and lasting until March saw McKinsey taken on to provide an “assessment of import initiated supply chain and commercial feasibility” of the UK continuing to manage tariffs on imports destined for the EU despite having left the bloc’s customs union, while also enforcing its own independent tariff regime. 

While McKinsey has not commented on the work, a spokesperson for the Treasury – which oversees Her Majesty’s Revenue and Customs (HMRC) – was quoted as saying that the government wanted to “harness expertise from both the private and public sector” to “ensure trade with the EU is as frictionless as possible.” 

Jacob Rees-Mogg described it as “completely cretinous” and a “betrayal of common sense.” 

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"

EU Country Sells To Customers In Another EU Country - Shock Horror Probe!

Microsoft has reportedly avoided up to £100m a year in UK corporation tax by allegedly "routing" its sales through Ireland.

The corporation has sent more than £8bn of revenues from computers and software, bought by British customers, to Ireland since 2011 as part of a deal with HMRC the Sunday Times reports.


The arrangements, known as advance pricing agreements, agree on the allocation of profit between various countries.

HMRC approved Microsoft's offshore structure in 2012, in a deal which runs from 2011 to 2017.

At this point it is worth remembering that, as part of the EU, an Irish company has every right to sell to UK customers.

A spokesperson for HMRC is quoted by the Independent:

“No company will pay a single penny less in tax because of Advance Payments Agreements.

These simply set out how the tax rules will apply on complex transactions ahead of time and we keep them under constant review.”

Thus the discussion begins..... 

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



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HMRC To Enter EU Referendum Campaign

Having been pressured by the Treasury Select Committee, HMRC will reveal the number of EU migrants working in the UK. The figures, in theory, will be presented towards the end of April.

The data will identify how many National Insurance numbers are actively being used by people from the European Economic Area (EEA), how many have paid national insurance contributions or PAYE income tax or have claimed any HMRC administrated tax credit or benefits.

Economia reports that ONS figures have shown that 904,000 EU nationals moved to UK in the last five years, but 2.25 million NI numbers were issued during this period. This is a gap of 1.3 million EU migrants living in the UK.

HMRC will need to be careful that it is not drawn into the spat between the "In and Out" factions in the EU referendum debate.

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"

Bitcoin Declared VAT Exempt

BREAKING Bitcoin declared VAT exempt by EU court today https://t.co/DrIVWNeNHi pic.twitter.com/a3AKudygCZ

— Richard_Asquith (@Richard_Asquith) October 22, 2015

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"

VAT Rule Change

It seems that lobbying by the media, and the creation of an online petition, has spurred the Government to change a VAT rule that thousands of UK business owners claimed was putting their companies at risk.

An EU regulation, due to be introduced on January 1 2015, would have forced UK firms selling digital services, such as ebooks and e-courses, in Europe to register for VAT in every country, as VAT on digital products will be chargeable in the place of purchase rather than the place of supply.

Alternatively, small business owners would have to register for a VAT “Mini One Stop Shop” (VAT MOSS) by registering for VAT in the UK, which would funnel the tax payments automatically but make the seller liable for VAT domestically, even if they fall below the threshold.

On Tuesday, HMRC conceded that while micro companies are still obliged to register for VAT in the UK to use MOSS, they will no longer be forced to charge UK VAT on their domestic sales.

A spokesperson for HMRC is quoted by the Telegraph:

"Businesses below the current VAT registration threshold that can separate their sales to UK customers from sales to EU customers can voluntarily register the cross border element of their business, and then use that registration number to register for MOSS. This means that their domestic sales will remain VAT free."

The thorny question of proving online where someone actually resides is of course another matter!

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"

Beware The Siren Calls

Beware the siren calls of politicians across Europe for a co-ordinated European policy against tax avoidance; their real goal is tax harmonisation and a defacto European state devoid of national parliaments and democracy (as already seen in Greece and Cyprus).

As per Daniel Hannan. 

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"

Query From A Loyal Reader

A loyal reader sent me the following query today, regarding a disagreement that he is having with HMRC over the validity or otherwise of an EC VAT number.

Any thoughts comments on what he should do would be most welcome.

Thanks.

"HMRC told me I was using the wrong EC VAT no.

They complained about an EC VAT no of a German client whose VAT ID they couldn't identify. 

So I checked at least 4 times: No mistake on my site.

I contacted my client and told him that maybe presented the wrong no. 

NO! 

He has only this one and he furnished proof by producing the VAT no. assignment letter from the German tax authority.

Despite having brought this to HMRC's attention, they still state that I am using wrong EC VAT no. and threaten me with a penalty for not correcting the ECSL! 

How should I correct something that isn't wrong at all??????

So I find myself at present a little bit lost in this kind of "logic" as I don't know were I went wrong!

 Any advice is much appreciated!"

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 Taxwise.

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 TAXWISE?

TAXWISE 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 Taxwise



Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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 Contravenes EU Law

TaxationWeb reports that HMRC has admitted that its approach to charging business VAT on some of the private fuel made available for private use contravenes EU law, and that the rules need to be changed.

In the absence of detailed mileage records to derive an accurate apportionment, HMRC has required businesses to account for VAT at least to the extent of the Road Fuel Scale Charge (even where the business has made a smaller charge for the fuel made available for private use).

This means that some businesses will have been required to pay more VAT to HMRC than the element that would correspond to their actual charge for private use.

As HMRC now admits, this contravenes the Principal VAT Directive.

In a Technical Note ( VAT: Road Fuel Scale Charges - Changing UK Law to Comply with EU Law and Streamlining the Scheme ) they confirmed:

"A deemed supply cannot be imposed where consideration is paid

Under the provisions of the PVD, where a real supply exists no deemed supply can be imposed. Consequently, UK law is wrong to impose RFSCs where a taxpayer makes a real charge for road fuel but that charge is less than cost price."

Those businesses affected by this can make a claim against HMRC going back up to 4 years.


Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise



Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

EU Refers UK To ECJ

Taxation reports that the European Commission will refer the UK to the European Court of Justice for abolishing the law concerning the remedy for repayment of taxes paid in mistake, without proper transitional rules.

EU legislation states that taxes that must be reimbursed, when they have been levied in breach of EU rules, should be repaid according to the national regulations on internal tax reimbursements.

The UK retroactively abolished one of the remedies used by taxpayers seeking reimbursement of taxes paid in breach of EU law. However, no proper transitional rules were provided, except in certain limited circumstances.

The result being that it became almost impossible in certain cases to exercise the rights conferred by EU law.

Naughty naughty!


Tax does have to be taxing.


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Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

EU Nixes Swiss Deal

Well then, here's an interesting story in Accountancy Age.

It seems that the EU is threatening to sue the UK over its tax agreement with Switzerland, signed in October.

At the time of signing, Dave Hartnett said:

"The world is shrinking fast for offshore tax evaders and this agreement will ensure that we know where money that flees Switzerland is heading. We won't be far behind."

European Commission lawyers are not convinced, and are of the view that the deal is in breach of EU laws that they claim are tougher on tax evasion.

George Osborne has been warned that he must renegotiate the deal or face a writ from the EU.

The deal, as it currently stands, protects the secrecy of UK residents who have accounts with Swiss banks, in return for a large percentage of the capital in their accounts and a withholding tax. Oddly enough Germany had also negotiated a similar deal.

Notwithstanding that, the EU thinks that the deal contradicts the EU Savings Directive and undermines its negotiating mandate.




Tax does have to be taxing.

UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.

Quote ID code "ABC" when contacting a QROPS specialist.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

Repugnant

The nature and definition of a "reasonable excuse" wrt tax issues has been highlighted by Geraint Jones QC (who oversaw 4 hearings into late payment penalties imposed by HMRC).

Accountancy Age reports that he found in favour of 3 cases:

- Anthony Leachman,
- Ballysillan Community Forum and
- NA Dudley Electrical Contractors.

He relied on a European Court of Human Rights ruling that stated the penalties imposed by HMRC were "in the nature of a criminal penalty".

As such, he said HMRC must "satisfy me to the criminal standard" – beyond reasonable doubt – that it was an unreasonable mistake on the taxpayer's behalf that filing did not take place.

Jones is quoted:

"HMRC argues that a 'reasonable excuse' must be some exceptional circumstance which prevented timeous filing.

That, as a matter of law, is wrong.

If Parliament had intended to say that the penalty would not be due only in exceptional circumstances, it would have said so in those terms."

However, he didn't stop there in admonishing HMRC. He also noted that HMRC, by imposing a second penalty while deliberately failing to send reminder about the first penalty, was trying to take advantage of its own default.

"In my judgment, it is not open to HMRC to take advantage of its own default in sending a timeous default notice to a taxpayer.

That would offend the common law principle of fairness and most right-thinking members of the public would find it repugnant, especially on the part of a public body."

As noted before on this site, the trust between HMRC and the taxpayer has broken down. HMRC by acting in this "repugnant" fashion, by trying to profit from its own failings in communications, has further undermined its reputation with the taxpayers.

A public body, and the state, can only function in a democracy if the voters/taxpayers have a degree of trust in that body. When that trust breaks down the state, public body or democracy will be swept away.

Tax does have to be taxing.

UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.

Quote ID code "ABC" when contacting a QROPS specialist.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

Things Get Wurst For HMRC

There is an amusing article in the Telegraph concerning a German sausage seller's battle with the German tax authorities over VAT on his wurst.

Manfred Bog, a purveyor of sausages and chips from three mobile snack bars, has won a ruling from the European Court of Justice that he did not have to charge the full rate of VAT.

The rationale being that his sausages required so little preparation that they did not constitute catering.

This of course opens the doors to claims for VAT refunds from operators of food stalls in the UK (if successful, will they be contacting their customers and paying them their VAT back I wonder?)

Anyhoo, HMRC have claimed that the decision does not have "application in the UK".

Hmmm, given that HMRC have a tendency to get things wrong these days (eg the applicability of the A19 concession) I would suggest that rejecting the possibilities of VAT reclaims being made/successful is a tad premature and tempting fate.

Tax does have to be taxing.

UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.

Quote ID code "ABC" when contacting a QROPS specialist.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

The Road To Dictatorship

Those who believe that the UK's tax legislation, and associated administrative burden, cannot become much more complex/onerous may need to be reminded that the EU is pushing to have a right to dictate the tax policies and rates of member states.

Accountancy Age reports that concerns are mounting over the transfer of tax-raising powers to the European Union.

Aside from the administrative burden such powers would bring, the damage to the economy and our democracy of a "one size fits all" dictated by unelected Brussels bureaucrats approach would be incalculable.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

IT Matters - £10M Accenture Deal

The Supplement to the Official Journal of the European Union (11 March 2010) states that HMRC has singed a £10M deal with Accenture to improve the capabilities of its in house IT development team, IMS Solutions Development and Delivery (SDD).

Accenture will support "the transformation of SDD into a highly effective IT development and delivery organisation" and "improve the quality, availability and delivery of SDD developed applications/services".

The value of this contract (which has a fixed and variable portion) was initially estimated to be in the range of £18M to £36M. The variable portion could not be estimated at the time of publication of the contract award.

Therefore the final value of this contract is £10M, which is the value of the fixed price portion of this contract.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

Breaking The Law

It seems that HMRC have been breaking EU tax law wrt stamp duty charges on cross-border transactions.

The European Court of Justice ruling could open the floodgates on numerous claims against HMRC and, as per Peter Cussons, head of PricewaterhouseCoopers' EU corporate tax division, "is indicative of a store of UK legislative tax issues that are unlawful under EU law."

If the experts in HMRC can't "get it right" wrt understanding the tax system, what hope is there for the rest of us?

When an individual/company breaks the law wrt deliberately under declaring tax, this is called tax evasion. What is it called when HMRC breaks the law wrt overstating tax liabilities?

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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"

Pro Active

The Treasury has taken pro active measures against the possibility of a major VAT fraud occurring, wrt trading in carbon credits, by zero rating carbon credits.

Fraud in this area so far is estimated to have cost the Treasury a few hundred million pounds.

The fraud occurs when a fraudulent trader sells on carbon credits (bought at no VAT cost from a European supplier) to a UK business with VAT added. The fraudulent trader then pockets the VAT, and disappears without paying the VAT to HMRC.

The action taken by the Treasury is without the approval of the EU parliament, which is normally required for changes in VAT.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE 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 Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

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 Policy Illegal

BAT has won its challenge to HMRC over its policy of taxing dividend payments from foreign subsidiaries. The policy is illegal under European law, because the UK does not tax similar payments from domestic companies.

HMRC may well appeal against this verdict, as this ruling might cost it £5BN.

Tax does have to be taxing.

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