This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 1831 matches

Go to advanced search

by wamstax
Fri Mar 16, 2018 11:06 am
Forum: Company Taxation
Topic: Company car for wife
Replies: 7
Views: 2157

Re: Company car for wife

If other employees on similar duties and remuneration do not receive a like benefit then clearly it is only by reason of the husbands employment (or shareholding) that the vehicle is made available and therefore assessable in hom
by wamstax
Tue Mar 13, 2018 7:47 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 53942

Re: Help! Sole trader HMRC investigation

It fully depends on the facts as presumably the sale was conditional on it being up to spec if the person had to travel to collect the vehicle. At least it is worthy of carefully considering the agreement that was in place and any conditions attached to the sale and who was responsible for the vehic...
by wamstax
Tue Mar 13, 2018 4:21 pm
Forum: Tax Investigations and Enquiries
Topic: HMRC hold no documentation to support there claim
Replies: 8
Views: 2541

Re: HMRC hold no documentation to support there claim

Yes discovery requirements still the same and after statutory return submission date anniversary
by wamstax
Tue Mar 13, 2018 3:59 pm
Forum: Tax Investigations and Enquiries
Topic: HMRC hold no documentation to support there claim
Replies: 8
Views: 2541

Re: HMRC hold no documentation to support there claim

Oops bd you are of course correct
by wamstax
Tue Mar 13, 2018 12:31 am
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 53942

Re: Help! Sole trader HMRC investigation

There is a case for saying that the sale was made on the date of collection and not before with the receipt being a payment in advance. Tell the Inspector to consult his Accountancy unit specialist to learn the ropes. In my view you were correct. Well put it this way they can ask for whatever they l...
by wamstax
Mon Mar 12, 2018 10:18 pm
Forum: Tax Investigations and Enquiries
Topic: Compliance check time limits
Replies: 5
Views: 8722

Re: Compliance check time limits

My question here is when did the discovery arise? If before the time limit for an enquiry then there might in fact not have been any discovery within the terms of S29. What happened if anything after 31-01-2017 that changed the HMRCs knowledge as regards omission of benefit in kind?
by wamstax
Mon Mar 12, 2018 7:07 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 53942

Re: Help! Sole trader HMRC investigation

Robbob “hopefully that following year is not out of time in that regard” - I would suggest that they are duty bound to make the corresponding adjustment under S36 TMA if they are contending that the adjustment is wrong as a result of carelessness - which I think is inevitable in this case given what...
by wamstax
Mon Mar 12, 2018 5:18 pm
Forum: Tax Investigations and Enquiries
Topic: Help! Sole trader HMRC investigation
Replies: 47
Views: 53942

Re: Help! Sole trader HMRC investigation

As regards this why are they asking you to prove rental receipts from 2011? Have they proved an irregularity in relation to property income for the enquiry year? If so then they would have grounds for such a request? If they have not proved any careless error in relation to the property income then ...
by wamstax
Mon Mar 12, 2018 11:19 am
Forum: Tax Investigations and Enquiries
Topic: HMRC hold no documentation to support there claim
Replies: 8
Views: 2541

Re: HMRC hold no documentation to support there claim

On the principle of he who asserts must prove just to provide a statement of account (assumption from your post) tells you nothing. Unless (A)you failed to file returns for the relevant years or (B) failed to pay taxes you had self assessed or (C) failed to include all your income on the tax returns...
by wamstax
Thu Mar 08, 2018 2:27 pm
Forum: Capital Gains Tax, CGT
Topic: Can I rely on the PRR allowances on gov.uk website?
Replies: 6
Views: 783

Re: Can I rely on the PRR allowances on gov.uk website?

To assist I would say that the reliefs you mention are intended for “temporary” absences from your otherwise owner occupied property so that you in fact return to the property after such an absence -with the quality of occupation after the absence being a further period of PRR Additionally you can’t...

Go to advanced search