The latest news on Advanced Payment Notification

The message from HMRC in July 2014 regarding their brand new system of Accelerated Payment Notifications was loud and clear; if you’re a taxpayer gaining a significant tax advantage from an avoidance scheme, we will be clamping down on you. Now, almost a year on, we’ll briefly explore the impact of these APNs.

The new regulations state that users of…

Tax avoidance is a very misconstrued topic, mainly because many people don’t realise that avoiding tax is actually perfectly legal and legitimate – it is tax evasion that will land you in hot water, not tax avoidance. Therefore, how does a tax avoidance scheme help you?

The short answer is that money…

HM Revenue & Customs (HMRC) have made many changes to tax regulations in the UK since they took over from the dissolved Inland Revenue in 2005, but how do the latest changes with Accelerated Payment Notifications impact on you?

Essentially, it’s all part of a huge clampdown on users of tax avoidance…

Her Majesty’s Revenue and Customs, commonly known as the abbreviated HMRC, is a non-ministerial department of the UK Government responsible for tax and customs authority.

Established as a replacement for Inland Revenue which you may very well have come across in either work or your personal life before, HMRC continued with the taxation duties of Inland Revenue immediately following their…