Yorkshire Accountancy

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One Third of High Net Worth Are Under HMRC Investigation

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22.3″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.0.74″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]In an astonishing statistic just released by the National Audit Office (NAO), it would appear that one third of all those with a high net worth (ie anything over £10 million) is under investigation by HMRC – they […]

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Will Airbnb Owners Have To Pay Extra Taxes?

Airbnb is an ever-growing and rather handy way of making some extra cash by renting out your home on a short term basis. Travellers and business people take advantage of finding home from home (literally) comforts in the exact places they need and want to be. Recently, however, Airbnb has been forced to share data […]

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Working From Home: What About Electricity?

Working From Home? Electricity Expenses Explained. Working from home, often as a sole trader certainly has its pros and cons, and, either love it or hate it, it is growing more and more essential to have a home office rather than commute. Claiming tax relief on certain items when working in this fashion can save […]

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New Fines For Tax Avoidance ‘Peddlers’

The government has recently put forward plans for heavy fines for anyone caught ‘peddling’ tax avoidance schemes. At the moment, there are not many penalties for those people who sell tax avoidance schemes to the rich and to companies in order for them to exploit current taxation laws. However, these new plans will see ‘enablers’ […]

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Does Facebook Owe $5 Billion?

There always seem to be stories in the news about this big company or that who should have paid tax but didn’t. And there always seems to be a reason behind it. Whether or not that reason makes sense, and whether or not the public agree with it, it doesn’t seem to matter. At least […]

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Will The Brexit Affect VAT?

Now that the referendum has been and done, and the result is that the UK will – at some point in the near future – leave the European Union for good, there are a number of questions that need to be answered. They range from queries about exchange rates to whether or not our passports […]

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Donald Trump’s Tax Returns

Recently – and, in fact, many times in the past – Donald Trump has reminded those who are listening (and those who are not) that his tax returns are something to be admired. He seems very proud of them. Except, if that is the case, why won’t he release them to the public? Tax returns […]

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How to Register with HMRC

The decision to become self-employed is not one to be taken lightly – it is an entirely different experience to being employed and receiving a regular salary from which the tax is already taken and dealt with. Being self-employed is the ideal solution for those who want more flexibility, and who are happy to take […]

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What Will Happen To EU Workers After Brexit?

The result of the recent EU referendum was a shock for many people – and it was a close run thing. Now that the initial confusion has begun to clear and Britain begins to understand just what the impact and implications of this decision are, now that our new government has taken shape and we […]

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Lionel Messi Sentenced for Tax Fraud

Whether or not you know anything about football, you will more than likely have heard the name Lionel Messi. Messi is a star player for Barcelona, and has been in the news for a variety of achievements including winning a gold medal at the 2008 Olympics, being voted the best player in the UEFA league […]

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£720,000 Tax Bill for The British Museum

Being the most popular tourist attraction in the UK has its perks, but it also has a bit of a big downside, as The British Museum in London has recently discovered. It’s the tax bill. Camden Council have issued The British Museum with a £720,000 tax bill, and are expecting payment pretty promptly. Lawyers for […]

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Go Directly To Jail…

Money comes in all shapes and sizes, all denominations, and some of it is worth more than others. This is an undeniable truth. It can be serious money or fun money, pin money or pocket money. It can be big money. It can also be Monopoly money, as a number of – probably rather embarrassed […]

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