Furnished Holiday Lettings
The Furnished Holiday Let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for certain tax purposes.
Individuals, partnerships, trustees and companies who let furnished holiday accommodation Read more..
VAT number verification
The European Commission website includes an on-line service which allows taxpayers to check if a quoted VAT number is valid. The service allows taxpayers to obtain a certificate to prove that they checked that a VAT registration number was valid at a Read more..
Coding out debts
Taxpayers can elect to have an underpayment of less than £3,000 collected via their tax code provided they are in employment or in receipt of a UK-based pension. The coding adjustment applies to certain debts such as Self Assessment liabilities and Read more..
US crackdown on multinational tax avoidance
In a move that may stop a number of current take-overs of UK companies by US buyers, the US Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced the introduction of some important new measures to target US Read more..
Taskforces to tackle VAT fraud in the Midlands and Nottingham
Two new specialist taskforce teams have recently begun to target businesses in the Midlands and Nottingham who try to fraudulently reclaim VAT, in particular businesses being set up purely for the purpose of making false VAT repayments claims. The Read more..