Attitudes to tax are changing. Organizations of all sizes are ever more exposed to new trends in tax regulation, not just locally but globally. By thinking beyond the present and beyond borders to deliver long-lasting value, our member firms’ understanding of tax governance, specialist skills and deep industry knowledge help you to stay competitive and compliant.
Acctech Taxation Service
Tax Man keeping you awake at night?
From time to time a person can find themselves in a bit of a pickle with their tax affairs; they may have let things get on top of them, got behind with their paper work or just found themselves in a position where they have fallen foul of the tax laws. The stress of the situation is probably playing on their mind and they just need to get things back on track.
HMRC Clamp Down
HMRC recently announced a clamp down on the tax affairs of Company Directors, including “one man band” or owner managed businesses as well as declaring a 31% increase in the tax collected from investigations into the affairs of small- and medium-sized companies in the last 12 months. HMRC have conducted 43 taskforces since 2011 and have 27 planned for 2013/14 and 30 for 2014/15.
Be sure your sin will find you out
It can only be a matter of time before HMRC catch up with tax evaders and that brings the very real prospect of hefty penalties (fines and potential imprisonment) being levied. Is it really worth it? What do you do if, for whatever reason you find yourself in this situation? The answer is to appoint experienced representatives and with their help, assistance and advice, make a full disclosure to HMRC.