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HMRC Fraud Investigation Service
Established in 2015 through the merger of the Special Investigations Unit and the Criminal Investigations Unit, the Fraud Investigation Service (FIS) is the elite group within HM Revenue and Customs (HMRC) investigating cases of suspected serious tax evasion, tax fraud, and aggressive tax avoidance. For decades, Governments of all colours have been concerned with closing…
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How much interest do HMRC charge?
HMRC expect everything you owe them to be paid on time and in full – but you already know that! Less well known though is they’re willing to help both personal and corporate tax payers if they’re unable to meet their obligations by the date due but, and this is important, you first must apply…
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How to close a limited company
Around 10% of businesses close each year for a variety of different reasons. It could be that the owners want to retire, a company is bought out and merged into another, or a business runs into financial difficulty and it can’t meet its creditors’ bills. Unfortunately for directors and shareholders, closing a limited company is…
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What is HMRC Time to Pay (TTP)?
In the ten years and more since the financial crisis of 2008-2009, HM Revenue & Customs (HMRC) have agreed many more late payment plans to help out individuals and companies who temporarily do not have the money needed to settle their forthcoming tax bills in full. Self-employed individuals and directors can spread the cost of…
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How To Setup A Limited Company
For many of the sole traders we work with, they’re keen to know when and how to set up a limited company. Likewise, many new business people we work with want to launch as a limited company straight away. There are a record number of self-employed people in Britain and that’s led to the formation…
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How Do I Contact HMRC By Phone?
There are a variety of different ways to contact HMRC – by phone, email, post, and even by webchat. The best ways to contact them though remain by phone and by post because HMRC’s agents can go into a level of details with you which is not possible when using the relatively insecure email and…
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Ten Top Tips For Completing Your Self-Assessment Tax Return
It’s that time of the year again… Tax Return season. It’s like Christmas, only better. Or maybe not. The deadline for filing your 2019/2020 (year ending 5th April 2020) Tax Return online is 31st January 2021, or 20 days away. Payment of your taxes is 31st January 2021, unless your tax liability is in excess…
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Tax Enquiries: No Need To Fear The Taxman!
We all breathe a sigh of relief once our tax returns are filed on time, but what if that’s not the end of it? What if we are about to be targeted for Tax Enquiries!
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Are You Self-Employed? Don’t Forget To Tell HMRC!
You’ve decided to go it alone and create your own job like Richard Branson or Mark Zuckerburg, but is there anyone you need to tell? Yes, the Queen.