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Where Taxpayers and Advisers Meet

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by wamstax
Thu Oct 12, 2006 2:03 pm
Forum: Property Taxation
Topic: Loan from family
Replies: 5
Views: 1718

<t>OK but can I just put in place a word of caution. I assume that the loan is being properly provided from your father's properly accumulated and taxed finances. If so probably no problem but in any family related transaction it is always possible that somebody, even an open minded tax inspector, m...
by wamstax
Wed Oct 11, 2006 12:40 pm
Forum: Tax Investigations and Enquiries
Topic: VAT Registration Enquiry
Replies: 5
Views: 4003

<t>Maybe it would help you if you got your books completely updated and then consider the following:-<br/> You become liable to VAT registration under VATA 1994 Schedule 1(1) <br/> (a) at the end of any month, if your taxable supplies value in the period of one year then ending has exceeded £61K (t...
by wamstax
Mon Oct 09, 2006 2:52 pm
Forum: Tax Investigations and Enquiries
Topic: Help Interview with revnue
Replies: 6
Views: 2316

<r>Another good source of information to get you as armed as possible to attend any meeting could be <br/> <br/> <URL url="http://www.hmrc.gov.uk/leaflets/c7.htm">http://www.hmrc.gov.uk/leaflets/c7.htm</URL> <br/> <br/> and go for IR148 or IR56 booklets. It would also be best to ensure that you know...
by wamstax
Mon Oct 09, 2006 2:36 pm
Forum: Tax Investigations and Enquiries
Topic: Help Interview with revnue
Replies: 6
Views: 2316

<r>As ex-revenue like Bob I would always encourage you to tell the truth. The truth always tells twice whereas lies trip you up when you are trying to second guess what the HMRC is after. However while I can go along with Bob about attending meetings I would also say that you don't go to a meeting i...
by wamstax
Mon Oct 02, 2006 2:36 am
Forum: Tax Investigations and Enquiries
Topic: Likelihood of extending tax investigation to other years
Replies: 3
Views: 1921

<r>You do not mention what is sizeable. You do not say in what way you are near settlement and whether figures for the "enquiry year" 2002/2003 have been agreed in principle or whether the Inspector has merely put proposals that havent yet been agreed as a principle or way forward. Basically it coul...
by wamstax
Fri Sep 29, 2006 12:13 am
Forum: Tax Investigations and Enquiries
Topic: Mortgage application
Replies: 4
Views: 2064

<r>I just happened to notice this and you will either have been very lucky or discovered that sometimes HMRC have more information than you realise. Re last comment I would take the cheating comment in another way -"if you cheated your lender by overdeclaring your income isn't it likely that you hav...
by wamstax
Thu Aug 31, 2006 7:47 am
Forum: Income Tax
Topic: Payment of school fees as a donation to charity.
Replies: 3
Views: 1085

I would suggest that if you go down the intended route and take any "tax relief" I think both you and the "charity" would be subject to scrutiny by HMRC Specialist Units
by wamstax
Thu Aug 31, 2006 7:34 am
Forum: Tax Investigations and Enquiries
Topic: Tax compliance
Replies: 5
Views: 2049

<t>Are you a big enough risk to warrant the resources that would be needed to follow you in cars at various times. I think that this must be something else and suggest you take a car registration or two along with dates and times and description of the occupant(s). If the same one appears more than ...
by wamstax
Sat Aug 19, 2006 6:57 am
Forum: Tax Investigations and Enquiries
Topic: HMRC Procedures
Replies: 2
Views: 1805

<r>By way of supplementary advice on the "talking to each other" aspect you might find the following couple of link interesting reading:-<br/> <URL url="http://www.hmrc.gov.uk/manuals/emmanual/em0333.htm">http://www.hmrc.gov.uk/manuals/emmanual/em0333.htm</URL> <br/> especially the 4th & 5th par...
by wamstax
Fri Aug 18, 2006 1:12 pm
Forum: Tax Investigations and Enquiries
Topic: HMRC Procedures
Replies: 2
Views: 1805

<t>Yes you should have preempted this problem. However all is not lost as unless the EC enquiry is into a different period I would be going back to the CT Inspector and asking him/her to intervene as clearly if the company had any PAYE issues during the period of the CT Enquiry the Inspector had a d...

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