Businesses often have areas of uncertainty and write to HMRC to clarify the position; mostly, HMRC just refers the business to their published guidance. This policy is mostly unhelpful to businesses as they will have already read HMRC guidance but are still uncertain as to how it applies to their particular circumstances. When a business […]
Reaching Agreement with HMRC Read More »
Taxpayers are required to notify HM Revenue and Customs (HMRC) of their liability to tax within certain time limits, such as where the taxpayer first becomes liable to pay tax, or conducts (or intends conducting) a business that needs to be registered with HMRC. Failure to notify HMRC of chargeability to tax can happen for
Uneducated Guesswork! Read More »
Individuals (e.g., sole traders or company owners) often lend money to their business to help fund its day-to-day operations. Unfortunately, some businesses ultimately fail. Consequently, the loan may become irrecoverable, resulting in it being written off. Relief is At Hand…Or is It? A crumb of comfort is that the individual may be able to claim
Are you the owner of a cosmetic clinic and uncertain about your VAT obligations? If so, this blog is tailor-made for you. Being a proprietor in the cosmetic clinic industry within the UK necessitates a thorough understanding of industry-specific regulations. HMRC rigorously enforces distinct sets of rules tailored to each sector, and failing to comply
Cosmetic Clinics and VAT: What You Should Know Read More »
