Please find below all the articles that have been tagged as 'HMRC Taskforces'.
Once the dust has settled on what was a radical far reaching budget by Chancellor of the Exchequer George Osborne, one of the more unexpected changes was the reform that will be brought in to change the way that property landlords will be taxed in future. There were several changes which we will examine in this blog
Tax relief on mortgage interest
Currently where a loan or mortgage is taken out to purchase, or renovate an investment property full tax relief…
Read MoreA question we are often asked is, how can I reduce my tax bill?
A simple question on the face of it, but how simple is the UK tax system?
An income taxpayer might reasonably assume that there are only three rates of tax within the UK, basic rate tax at 20%, higher rate tax at 40% and the additional rate at 45%, and they would technically be correct. However the reality of the UK tax system is that your personal circumstances…
Read MoreHMRC has this month launched new specialist taskforces designed to target individuals who have not declared rental income or capital gains on property disposals in the South West and South Wales.
The taskforces are part of the Government’s campaign to tackle tax evasion and fraud. HMRC aims to raise an additional £7bn each year through the various taskforces it has launched since May 2011.
It is important to note that the targeting of sectors is not an amnesty and unlike some…
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