Author: Tony Shackleford

Insolvencies increase

Written by Tony Shackleford on October 4, 2023.

Statistics released by the government indicate the number of company insolvencies in August 2022 increased by 19% compared to August 2022. This may partially be the result of HMRC undertaking morse...

Company Insolvency, Covid tax debts, HMRC tax debts

International Companies UK Tax Avoidance

Written by Tony Shackleford on September 25, 2023.

A common area where large multi national companies seek to reduce their tax liabilities is by the shifting of profits from countries having higher tax rates to countries having lower tax rates. ...

Tax Evasion. Tax avoidance, Transfer pricing

Bounce Back Loan Fraud

Written by Tony Shackleford on September 15, 2023.

The director of a Think Gas Limited, who fraudulently applied for a bounce back loan, has recently been sentenced to an 8 months prison sentence. He overstated the company’s turnover on the...

bounce back loan, Bounce Back Loan fraud

Overseas Property Owners Registration

Written by Tony Shackleford on September 5, 2023.

Following the invasion of the Ukraine, the UK government introduced a new requirement to ensure that the overseas owners of Limited companies which owned UK properties could be identified. It has...

overseas property owners, Shell Companies

Beware of Incorrect Tax Advice

Written by Tony Shackleford on August 29, 2023.

Two recent examples highlight the need for tax payers to be very careful when selecting tax advisers as some advisers will be promoting tax evasion (which is illegal). The first example is in...

R&D tax, Tax evastion, umbrella companies

HMRC Efficiency

Written by Tony Shackleford on August 18, 2023.

Two recent pieces of information have further highlighted the problems with resources, which HMRC have: HMRC have introduced a system whereby if they have not replied to a letter for 12 months,...

HMRC, HMRC Post

HMRC Self Assessment Line Closed

Written by Tony Shackleford on August 18, 2023.

HMRC announced last week that it is closing the self-assessment helpline for 3 months until early September. Anyone telephoning HMRC will be advised to answer their own queries by accessing HMRC...

HMRC, HMRC helpline

Pension Tax Relief

Written by Tony Shackleford on July 12, 2023.

The annual cost of income tax relief on pension contributions is £67.3 billion. Of this amount 52% is received by higher rate tax payers. For basic rate taxpayers. personal pension contributions...

Pension tax relief

ESS Software

Written by Tony Shackleford on June 23, 2023.

ESS software is software which is designed to hide certain sales from accounting records and hence understate income on which tax is paid to HMRC. The software is typically used by retail outlets...

ESS software, Tax evasion

VAT On Blinds

Written by Tony Shackleford on June 5, 2023.

In a rather obscure ruling by a VAT tribunal, the tribunal concluded that VAT is chargeable on electric blinds when installed on new houses. This compares to no VAT being charged on regular roller...

Vat, VAT on blinds

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Author: Tony Shackleford