Self-assessment was meant to bring greater finality to taxpayers’ affairs, but cutbacks at HMRC mean that fewer enquiries are being pursued. Consequently, when errors are picked up, HMRC are increasingly relying on their powers to make discovery assessments.
Frequently, however, HMRC overlook (and often fail even to mention) the statutory safeguards that are intended to protect taxpayers from challenges outside a formal SA enquiry. It is only with a clear guide as to the extent of HMRC’s powers that advisers can ensure that they protect their clients from inappropriate challenges.
The rules have been subject to considerable scrutiny, particularly in the past five years, and the author of this title has been involved in many of the leading cases. His book provides tax advisers with a clear and comprehensive guide to the rules concerning discovery assessments and contains much practical advice explaining how such assessments may be challenged.
This is the only book on the market that focuses exclusively on the topic of discovery assessments.
A thorough, practical guide to the fast-moving area of employee benefits and expenses: cars and vans, loans, vouchers, compensation payments, travel & subsistence, and much more. The book represents very good value for such comprehensive expert coverage (see the full table of contents below).
This clearly presented work, written for finance directors, tax advisers and payroll departments, will earn its keep throughout the year. Readers are helped to plan the provision of employee benefits with a full understanding of the appropriate tax rules, reducing the the risks of penalties and unintended tax liabilities.
With the level of changes made to the tax legislation by the Finance Act 2015 and Finance No.2 Act 2015, it is important to have access to the latest information and most up-to-date version of the law.
Taxmagic provides this information in a simple, easy to read manner. Whether you are an accountant, solicitor, financial consultant, business owner or a high earner individual, TaxMagic is invaluable to you and your business. Packed with practical tips and traps to avoid TaxMagic can help you to cut your tax bill.
The topic of VAT registration may seem very straightforward, but in reality it can be contentious and difficult.
This concise book deserves a place on the shelf of every business tax adviser. First and foremost, it offers an array of practical advice in relation to VAT registration issues as such. In doing so, however, it also covers a range of related VAT topics. The book will quickly earn its keep by saving research time and helping to avoid VAT pitfalls.
A clear guide to the procedures involved in taking a case to the Tax Chamber at the First-tier Tribunal, written by an experienced barrister who appears frequently in the Tax Chamber and the higher Courts.
On the one hand, the book provides detailed technical analysis of the legalities underpinning the tax appeals process. On the other, it offers guidance on procedural matters and on such practical issues as dress code, the typical layout of the room and the order in which the parties speak.
Tax relief for research and development costs is valuable and often under-claimed. This book – suitable both for businesses and for their professional advisers – explains whether and when a claim can be made, and shows how the relief is claimed in practice.
The book is written by two experts at Mazars LLP, senior tax manager James Boughton and tax partner Lindsay Pentelow.
A practical guide to dealing with the requirements of the Construction Industry Scheme, based on years of experience gained by the author in representing clients, liaising with HMRC and working in the construction industry.
The book complements and expands upon HMRC’s publication CIS 340. It includes observations on the CIS consultation held by HMRC in 2014 and the summary of responses issued thereafter.
This detailed, clearly written guide to the familiar CGT relief offers fresh commentary on a topic that is familiar to many tax advisers but that contains numerous pitfalls for the unwary.
With full reference to appropriate legislation (including recent changes) and relevant case law, the principles are illustrated with real-life scenarios and planning points.
A statutory test to determine tax residence for individuals was introduced from April 2013. The rules are especially relevant for income tax and CGT but also apply in some circumstances for inheritance tax and corporation tax purposes.
In this third edition, expanded to cover Scottish residence issues, Keith Gordon’s usual clear and incisive analysis presents the rules in a form that is at once accessible and practical.
This title offers a clear explanation of the four types of venture capital relief (listed below). In each case, the author looks at the range of tax incentives offered by the legislation, including (as appropriate) income tax reliefs, CGT exemptions, CGT deferrals, and relief for losses incurred.
In relation to each scheme, the conditions for relief are examined in detail and are illustrated with helpful examples. Complicating factors are addressed as required, for example where an individual is connected in some way with the company or where tax relief has to be clawed back because the company ceases to meet the qualifying conditions.