If you’re thinking of coming clean to the taxman, here are the best ways to do it
HMRC have historically taken exception to the use of offshore accounts to evade UK taxes, but in years gone by…
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Tax
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Tax
If you're thinking of coming clean to the taxman, here are the best ways to do it
Throughout their attempts to gain access to the information, HMRC have offered opportunities for individuals to come clean, disclosing tax…
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Just because your assets are outside the UK, doesn’t mean your inheritance tax liability is
There is a common misconception that bank accounts and other assets which are held outside of the United Kingdom are…
ByJust because your assets are outside the UK, doesn't mean your inheritance tax liability is
For people who are (deemed to be) domiciled in the United Kingdom, their estates are liable to pay inheritance tax…
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With a mountain up for sale, how to avoid selling off your own estate
As has been mentioned across the popular press, Lord Lowther is presently trying to sell a Lake District mountain, Blencathra,…
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If the government can reach into people’s accounts to take money, the poorest will be worst hit
HM Revenue and Customs has published a consultation document on proposals to give itself powers to collect money directly from…
ByIf the government can reach into people's accounts to take money, the poorest will be worst hit
The UK tax system is complex and mistakes in law will happen. Not all taxpayers can afford an accountant or…
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How can I avoid paying inheritance tax on my home?
Headlines about UK house price inflation abound. The English Land Registry has reported a 5.6 per cent average annual house…
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Americans coming to Britain must beware a tax nightmare
As a passionate American Anglophile, you step off the plane at Heathrow excited about spending the summer in the UK.…
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How the legalisation of pre-nups will help protect offshore trusts
Offshore trusts can enable family wealth to benefit future generations and remain a popular succession-planning vehicle for wealthy families. Wherever…
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HMRC is in the hot seat as anti-avoidance looks set to get tougher
Tax reliefs are an essential part of the tax system. They can be used as a mechanism to redistribute wealth,…
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Britain’s high inheritance tax hinders growth
Chartered accountants UHY Hacker Young have produced a report stating that the UK has the second highest rate of inheritance…
ByBritain's high inheritance tax hinders growth
With the second-highest rate of inheritance tax in the world, Britain should take action Chartered accountants UHY Hacker Young have…
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The Isle of Man tries to clean up its reputation – but is it working?
‘I would say to Vince Cable and David Cameron (and I have met them) we’re part of the solution, not…
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Why we need to worry about HMRC’s breathtaking new powers
The Budget confirmed a contentious proposal to significantly extend HMRC’s powers in both existing and future open enquiries, despite significant…
ByWhy we need to worry about HMRC's breathtaking new powers
No one disputes that taxpayers must all pay their fair share, but equally fair procedure, due process and legal certainty…
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Expert reaction to Budget 2014
Who benefited and who lost out? We provide expert commentary on the Government’s Budget announced today Read more on the…
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Expert expectations for the Budget
COUTTS With a May 2015 election on the horizon there has been media speculation and lobbying from certain politicians for…
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Chris Moyles’ car-based tax-avoidance scheme runs out of road
Another month goes by and another battle is won by HMRC in their war against aggressive tax avoidance. The tribunal…
ByChris Moyles' car-based tax-avoidance scheme runs out of road
The tribunal dealing with complaints against HMRC decisions recently dismissed an appeal by participants of a scheme known as ‘Working…
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