I've always thought it strange that the minimum disclosure only wants directors' advances in credits if the directors' current accounts are overdrawn but I've followed the minimum rules regardless.
HMRC have recently purchased advertising pointing out that offshore income and gains may be taxable in the UK. This is true.
Here is a summary of some of the changes announced by the Chancellor of the Exchequer in the Summer Budget, published on 8 July 2015.
Stop being you for a moment. Imagine instead that you are a client of your practice.
One - when there is a commitment due to expire within one year, do you disclose in the notes the ANNUAL commitment, or just the amount that you have to pay?
Guernsey and Jersey signed Automatic Information Exchange Agreements with the UK on the 22 October 2013 – the ‘UK-Guernsey Agreement to Improve International Tax Compliance’ and the ‘UK-Jersey Agre
HMRC is continuing with its anti-evasion publicity campaign, “closing in on undeclared income”, through targeted advertisements on over 3,000 billboards in public spaces.
Time is running out for Britons with money hidden in Swiss bank accounts.