A person may be investigated for tax evasion if they fail to file their tax returns on time or underpay their taxes.

Alan Parry, the popular anchor of Sky Sports, has been faced with a £356,420 due on taxation. This was on the judgement given which stated that his terms of work were same as a contract of hire. It is indeed a fine line between being an independent contractor and a permanent employee. Don’t risk being targeted by HMRC for that reason. Instead, insure your compliance and hire an excellent team of accountants & tax advisors to help you become more tax-efficient. Reach out by clicking the contact us button at the bottom of this article. And we will get in touch with you shortly. At Elena Meskhi& Co., make way for Smart Solutions for Successful People.

Don’t risk facing an £11 million tax charge! Elena Meskhi & Co’s tax advisors will help you understand your tax liabilities and ensure your compliance.

When is someone eligible for a Private Residence Relief (PRR)? A The First Tier Tribunal (FTT) determined whether a couple is eligible for tax relief.

Company directors can get banned from performing fraudulent actions. In fact, 179 company directors were recently banned for Covid-Related Fraud.

The number of registered company bankruptcies in June 2022 was 1,691. This is 40% higher than that last year!‍

Watch out for emerging pension scammers! Be aware of the communications you receive, and get into the habit of looking to the firms contacting you.

The Upper Tribunal disregarded HMRC’s appeal, pointing out that ‘the FTT implemented the proper assessments in regulation.