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Guide to Unlocking HMRC's R&D Tax Relief

Many UK companies that have submitted claims for Research and Development (R&D) tax relief have expressed frustration with HMRC’s stringent approach. HMRC often rejects claims, stating it has consulted “internal specialists,” such as IT experts, and is not convinced that the company’s activities qualify as R&D. This stance persists even when companies provide additional evidence or offer to meet…

#First Tier Tax Tribunal #HMRC #HMRC Investigations #HMRC Policy #HMRC Tax Assessment #HMRC&039;s technical specialists #Research and Development tax relief #Small and Medium-Sized Enterprise (SME) R&D Tax Relief

HICBC Tax Appeal Not Allowed - Life Challenges Not An Excuse

As the current Shadow Chancellor of the Exchequer, Rachel Reeves has inherited several pressing issues from her predecessor, one of which is the contentious High Income Child Benefit Charge (HICBC). Reeves, faces the challenge of addressing the inherent inequities within the HICBC system. Despite recent budget adjustments, significant flaws in the system persist. The recent Tribunal case of Aaron…

#First Tier Tax Tribunal #HMRC #HMRC Investigations #HMRC Policy #HMRC Tax Assessment #HMRC Tax Disputes #Tribunal #tribunal appeal #Tribunal Hearing representation #Tribunal process

HMRC's Customer Service Crisis - Government Injects £51m to Address Soaring Wait Times

In March earlier this year, HM Revenue and Customs (HMRC) faced a public relations debacle when it announced the closure of several helplines, only to reverse the decision the next day. This incident, although embarrassing for the involved parties, including pre-informed ministers, resulted in a positive outcome for both HMRC and taxpayers. The government has now allocated an additional £51…

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#Advice for Taxpayers #Challenge HMRC decision #First Tier Tax Tribunal #HMRC #HMRC Policy #HMRC Tax Appeal #HMRC Tax Disputes #taxpayer #taxpayers #Unpaid Tax

HMRC's 6 Month Tax Helpline Closure Paused

In a significant shift in its service delivery model, HM Revenue and Customs (HMRC) announced on 19 March 2024, the closure of its self-assessment helpline for almost six months every year, compelling taxpayers to navigate their enquiries through online channels. This decision, intended to make the best use of resources and improve assistance for complex tax queries, has resulted in mixed…

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#Advice for Taxpayers #HMRC #HMRC Policy #HMRC Tax Appeal #HMRC Tax Assessment #HMRC Tax Disputes #PAYE #Self Assessment #VAT

GVC faces HMRC investigation over former Turkish business

GVC Holdings has revealed that it is under investigation by HMRC in relation to its former Turkish operations over “potential corporate offending”.

HMRC notified the business on 20 July 2020 that the Commissioners would be widening their scope of the investigation launched in November 2019 to look for wrongdoing within the business.

GVC stated that the decision to expand the scope of the

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#HMRC #HMRC assessment #HMRC Investigations #HMRC Policy #HMRC Tax Assessment #HMRC Tax Disputes #Resolving HMRC Tax Disputes

HMRC: Increase Reporting Requirements for Tax Advisers

Tax advisers could soon be compelled into providing more information to the Commissioners under new rules proposed by HMRC. Currently, tax advisers (like lawyers) are excluded from HMRC’s powers to inspect a person’s position regarding a potential penalty and to collect information to help identify any other person who enabled the tax avoidance arrangements. But the Commissioners are proposing to…

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#HMRC #HMRC assessment #HMRC Investigations #HMRC Policy #HMRC Tax Disputes #Resolving HMRC Tax Disputes #solicitors #Tax #tax advisors #Tax Avoidance #Tax Evasion

HMRC Investigations: Inheritance Tax Disputes

Inheritance tax is imposed on the estates of people who have died and are handing assets over to beneficiaries so long as the estate is of a certain value. Therefore, it is important that the evaluation of the estate is done accurately as HMRC are able to access documentation for a long time.

HMRC may check on estate valuations 20 years after payment, HMRC will notify a taxpayer in writing…

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#HMRC #HMRC Policy #Inheritance Tax #Tax #Tax Disputes #tax liability

Rise in HMRC Asset Seizure Orders

There has been a 177% increase in the number of account freezing orders (AFOs) issued by HMRC in 2019/20, rising to 166 from 60 the previous year.

By applying for an account freezing order (which can be for a sum as small as £1000), HMRC can prevent money being withdrawn from or deposited into accounts linked to suspected criminal activity or money that is suspected of having been obtained by…

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#fraud #HMRC #HMRC Investigations #HMRC Penalties #HMRC Policy #HMRC Tax Assessment #order #Resolving HMRC Tax Disputes

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