🚨 Gerald Edelman is pleased to announce the successful resolution of a #VATdispute involving #importation and #duty. #HMRC had unlawfully seized approximately £300,000 worth of goods from a client, which our team was able to overturn. Our Indirect Tax team has extensive experience in dealing with HMRC inspectors and effectively challenged HMRC’s decision, leading to the full release of the goods with no penalties or restoration fees imposed. This victory highlights the Firm's expertise in handling complex #VAT and duty-related cases, offering crucial #support to businesses facing similar challenges. Read the full press release here: https://lnkd.in/eRD_HyHM
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HMRC Kittel Assessments & Appeals We have just published an article on the challenges surrounding Kittel assessments and appeals in HMRC VAT fraud cases. HMRC normally cite several trading factors it considers 'suspicious or dubious,' which means they suspect a company 'knew' or are connected to fraud. Understanding these nuances is essential for anyone navigating the complexities of VAT regulations. Check it out to stay informed and better prepared! https://bit.ly/3TOx8fO #VAT #HMRC #KittelAssessments #TaxCompliance #BusinessInsights
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There are certain triggers that might initiate a VAT investigation. It’s important to be aware of these so you can prepare accordingly and be ready to respond to any HMRC enquiries: -Risk-based assessments targeting high-risk industries -Irregularities detected in VAT records -Supply chain issues -Late filings and/or missing returns -Inaccurate returns -Referral within HMRC following a compliance/investigation of a different tax -Anonymous tip-offs or whistleblowing If you’re unsure if your business may be at risk of facing an investigation because of the above, of if you’re dealing with an enquiry from HMRC, our experts are here to help you. Get in touch to see how we can help. #BusinessLaw #LegalAdvice #HMRC #VATFraud #TaxInvestigation
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Resolving tax disputes and tax investigations | CoP8 & CoP9/CDF | Voluntary Disclosures | WDF | Reaching Settlements with HMRC | Exiting tax avoidance schemes | Residency and domicile | Status | CIS
MAKING A DISCLOSURE TO HMRC Making a disclosure to HMRC impacts both the amount of penalties a taxpayer will be charged and the stress level of your client. Knowing which route to take when making a disclosure to HMRC is critical to getting the right outcome for a client. Contact me for help and advice on making a disclosure to HMRC. #HMRC #disclosure
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Resolving tax disputes and tax investigations | CoP8 & CoP9/CDF | Voluntary Disclosures | WDF | Reaching Settlements with HMRC | Exiting tax avoidance schemes | Residency and domicile | Status | CIS
MAKING A DISCLOSURE TO HMRC Making a disclosure to HMRC impacts both the amount of penalties a taxpayer will be charged and the stress level of your client. Knowing which route to take when making a disclosure to HMRC is critical to getting the right outcome for a client. Contact me for help and advice on making a disclosure to HMRC. #HMRC #disclosure
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MAKING A DISCLOSURE TO HMRC Making a disclosure to HMRC impacts both the amount of penalties a taxpayer will be charged and the stress level of your client. Knowing which route to take when making a disclosure to HMRC is critical to getting the right outcome for a client. Contact me for help and advice on making a disclosure to HMRC. #HMRC #disclosure
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Redefining accountancy services | Passionate about helping businesses | Xero Certified Accountant
#WednesdayWisdom HMRC now charge penalties and interest in a more timely fashion; penalties will be issued on a time basis, interim interest will be added to the tax account until payment is made, and then a final interest figures will be calculated once payment has been made. If you are in arrears, you may find you have to make multiple payments to bring your account up to date. #accountancy #HMRC #accountantswithadifference
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#WednesdayWisdom HMRC now charge penalties and interest in a more timely fashion; penalties will be issued on a time basis, interim interest will be added to the tax account until payment is made, and then a final interest figures will be calculated once payment has been made. If you are in arrears, you may find you have to make multiple payments to bring your account up to date. #accountancy #HMRC #accountantswithadifference
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I help growing businesses streamline so that they can optimise their profits and gain more freedom. Accountancy services in Worcestershire | Xero Certified Accountant | Strategic business support
#WednesdayWisdom HMRC now charge penalties and interest in a more timely fashion; penalties will be issued on a time basis, interim interest will be added to the tax account until payment is made, and then a final interest figures will be calculated once payment has been made. If you are in arrears, you may find you have to make multiple payments to bring your account up to date. #accountancy #HMRC #accountantswithadifference
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‼️It’s not what you think‼️ Our Tax Investigation Service actually ensures you do NOT get caught out by a HMRC investigation🕵️♂️! Covering all the professional costs of a HMRC investigation, our new service ensures you're defended, without conceding to demands easily✨. With HMRC increasing compliance staff, it's more crucial than ever to be prepared 👀 🔒 Stay safe from inconvenient financial outlay by protecting your business today. Get in touch to find out more 💬! #TaxInvestigation #HMRC #Compliance
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CWM Chartered Accountants| Online accounting & automation | IR35 | Payroll | Forecasts | Audit| Accounts| Tax | VAT | SA
VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell a significant amount of low value and/or small quantity items to the public with different VAT liabilities. #VAT #VATRetailSchemes
