Tax and Financial Planning

The result of the recent death of actor Roger Lloyd-Pack, best known for playing ‘Trigger’ in the hit series ‘Only Fools and Horses’, serves as a reminder that failing to...

A recent report by the TaxPayers’ Alliance (TPA) stated that the average British family pays more than £250,000 in tax (net of tax credits) during a 40-year working life. The...

Hard on the heels of the announcement that the amount of bank deposits guaranteed to be reimbursed in the event of the failure of a covered financial institution is to...

The Finance Bill currently in Parliament will confirm that HM Revenue and Customs (HMRC) are to be given the right to seize money directly from the bank accounts of taxpayers...

Gifts made more than seven years before the death of the donor do not generally attract a charge to Inheritance Tax (IHT) on the donor’s death. However, where the...

When undertaking tax enquiries, HM Revenue and Customs (HMRC) are well known for embarking on ‘fishing expeditions’ for information. In a recent case, a company which was under enquiry for...

When an accountant failed to file a client’s year-end PAYE return, the first inkling the director of the company involved had of it was many months later – when the...

HM Revenue and Customs (HMRC) have traditionally taken a very tough approach regarding time limits, and many cases arising out of HMRC’s failure to accept what the taxpayer claimed was...

The tax tribunals are not generally known for a free and easy approach to issues. They do, however, have a degree of discretion to correct obvious errors and a recent...

Clients are warned that the new pension reforms, which now allow pension funds to be treated almost like a personal piggy-bank, are likely to lead to an upswell in attempts...