Self Assessment

The number of individuals being investigated by HMRC has doubled in one year, raising concerns that people are being targeted for honest mistakes.


I have a client who has recently got himself a new management job with a medium sized company.



Company has been dissolved due to overdue Annual Return. We want to restore that dissolved company. 

Please note that its a Charitable organisation ( Masque).


Dear all, 

I am currently working in practice and have had a high earning client ask a question.


I wrote to my MP asking her to establish the Treasury's thoughts on penalties.  I wasn't expecting them to listen but their line of thinking is interesting.


A client had penalties and interest for late filing of his SA tax return 2011-2012 return. The client has been paying them off on a monthly basis between Jan and April 2014.


We are purchasing a property which is already opted to tax, we are therefore treating the purchase as a Transfer of Going Concern and no VAT is payable on the purchase price.


A going concern was purchased for £50k goodwill and £10k shop fittings. Business purchased from sole trader, new business run as limited company, Buyer and seller are unconnected.