HMRC expect to collect £1bn more from tax evasion in latest spending review

During the June spending review the government announced as part of its cuts that HMRC is expected to save £1bn in departmental and administrative costs for 2015-16. However, it is expected to increase its targets for revenues from tax evasion … Continue reading

Budget 2013 – For Business

In Summary – Our view It is hoped the measures to help home owners, coupled with the funding for lending scheme and relaxed planning system, will boost the construction industry without direct tax stimulus. In the end, the success or … Continue reading

Tax avoidance loophole that cost HMRC a small fortune

Will the Jimmy Carr publicity impact on businesses adopting genuine tax planning? At the heart of recent tax avoidance cases is abuse of the ability for businesses to extend loans to their directors. The worry now is that legitimate loans … Continue reading

Letter to SW Accountants from Future Capital Partners – Media coverage of film investment schemes

Dear Darren, You will have seen or read in the media over the past few days comment on tax avoidance. We are writing because The Times today (Thursday 21 June) carries a story about Future Capital Partners (FCP) and Ingenious … Continue reading

Not all Tax Avoidance is Risky!

Delay your dividends until the intro of 45% tax rate SMEs can put dividend payments on the back burner until income tax rates for higher earners drop to 45% from April 2013. Not as sexy or high profile as the … Continue reading