A VAT questionnaire for ghosts and moonlighters

A VAT questionnaire for ghosts and moonlighters

HMRC’s Hidden Economy Teams (HETs) search for individuals and businesses who illegally evade tax and VAT as ‘ghosts’ and ‘moonlighters’. Ghosts operate unseen in the hidden economy until HMRC track them down, whilst moonlighters can often be known to HMRC and may be declaring one source of income, but hiding another. HMRC has produced a […]

Inheritance Tax Surge

Inheritance Tax Surge

 Inheritance Tax receipts surge The latest official figures from HMRC show total inheritance tax receipts are up by 6% to £11.2bn on the same time last year and are rising faster than at any time since 2010. NFU Mutual said IHT receipts have risen by over 20% in the first four months of the tax […]

Warning – Pensions Regulator Email Spam

Warning - Pensions Regulator Email Spam

Warning – Pensions Regulator Email Spam Emails are circulating purporting to be from the Pensions Regulator with direct debit notifications – do not open or respond to links. False emails are circulating which appear to be from the Pensions Regulator and include scheme reference numbers etc and advising that direct debit payments are going to be […]

HMW Finance team can help you

HMW Finance team can help you

HMW Finance team advise on a wide range of alternative financial products and solutions to meet the complex financial and working capital needs of a modern day business – all at highly competitive rates. We can help you with: Business Asset Finance Working Capital Finance Property & Bridging Loans Unsecured Business Loans P2P Lending Contact […]

Average UK family’s tax bill hits £25k

A study by the Tax Payers’ Alliance has determined that the average household contributed £24,781 in tax in the financial year 2016/17, a rise of £1,500 on the year before. John O’Connell, chief executive of the TaxPayers’ Alliance, commented: “With the tax system more complicated and opaque than ever, it’s time for fundamental reform to […]