Archive for Author: Sofia

Private Client January Case Review

HMRC ‘wholly incorrect’ to seek client data from Law Firms HMRC issued Wilsons Solicitors a notice under their data gathering powers (FA 2011 Sch 23). The notice required Wilsons as a ‘relevant data’ holder to provide ‘relevant data’. The information...

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November Case Review

This is an industry-specific update on particular tax reviews or cases which may affect your clients. We hope the below is informative, clear and actionable. IHT Payable on UKIP Donations Transfers of value (gifts or donations) made to organisations...

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pensions lost

Thousands of Pensions Lost

New figures published Wednesday 28th February by HMRC suggest that tens of thousands of mothers with young children could face a permanently reduced state pension because of changes to the Child Benefit system introduced in 2013. The new system...

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Disclosure of Overseas Income

Disclosure of Overseas Income

Non-UK Income?  Notify HMRC now to avoid penalties By 30 September 2018 tax authorities in over 100 countries will start exchanging information. HMRC says individuals MUST disclose any unreported/untaxed overseas income by September 2018.  Failure to do so will result...

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Cryptocurrency Tax Laws

Cryptocurrencies are relatively new assets for tax advisers to advise on and even though they can be used in a way similar to cash, gains on cryptocurrencies are taxable to the extent they exceed the £11,300 capital gains tax...

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