Posts Tagged: tax investigation

Is employing family tax efficient?

Putting family on your payroll can be tax efficient if HMRC allow it, but what happens if they challenge it?     For an expense to be tax deductible it has to be incurred wholly and exclusively for business purposes. If you employ your family members, this may gain HMRC’s interest.   HMRC will want… Read more »

A Christmas gift from the VAT man

The corporation tax rules for clients gifts are well known, but what about the VAT rules?     The corporation tax rules for entertaining clients or giving them gifts say that the gifts have to: Advertise to the public (i.e. a free sample) or Cost under £50 and include an advert for the company.  … Read more »

Can you spare three months for HMRC?

How much of a tax investigation could you take? With the ensuing costs, intrusion, time and stress involved, there is no underestimating the impact this can have; which makes this week’s news very unwelcome. It’s just come to light through a Freedom of Information request, that HMRC is taking 20% longer with tax investigations. According to tax… Read more »