As an individual or business owner, it’s crucial to understand the importance of disclosing all of your income to HMRC. Failing to disclose your undisclosed income can result in serious consequences, including hefty fines and even legal action. However, navigating through the complex tax laws and regulations on your own can be a daunting task.
As a startup founder or investor, you may have heard of SEIS and EIS shares, but do you know what they are and how they can benefit your business? The government designed SEIS and EIS shares as schemes to encourage investment in small and early-stage companies. These schemes offer tax incentives to investors, making it
Tax investigations can be a stressful experience, and understanding how HMRC collect data for tax investigations is crucial to ensuring that taxpayers’ rights are protected. In this article, we will explore the various methods used by HMRC to collect data for tax investigations, the legal framework for data collection, and its impact on tax compliance