MIKE DOWN and JULIE CAMERON consider the increasingly common requests by HMRC in a 'business full enquiry' for records that are held in electronic format.
My client, A is controlling director of company X. Several years ago he and an unrelated person, B, invested in an unrelated, company (Z), each acquiring 50% of the shares and agreeing to advance long...
A discretionary trust's assets included a reversionary interest in a life interest trust, i.e. an entitlement to that other's assets on the death of the life tenant, who died in November 1998....
Because tax credit claims can only be backdated three months, we make protective claims for self-employed clients with fluctuating income. This year, we have been updating the Tax Credit Office (TCO)...
Our client owns 51% of a holding company whose major assets are three subsidiary trading companies that turn over in excess of £12 million p.a., generating profits of £1 million p.a. after...
Unrecorded shooting income
If the landowner is a member of a syndicate, HMRC will expect the landowner to account for VAT on the open market value of the rights granted to the syndicate and also on...