Churchill Tax Advisers blogs and news

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Working From Home Tax Relief Claims Spike Since CoVid

On 14 October 2020, HMRC boasted that in the space of 11 days almost 55,000 individuals made a claim for tax relief on expenses incurred as a result of being required to work from home during the Covid-19 pandemic. These claims could well rise in the coming weeks as...

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Self Assessment Deadline Is 31st January 2021

Every year, approximately 11 million people complete a self assessment tax return. Taxpayers can complete their 2019-20 tax return at any time up to the deadline but HMRC recommends completing it early to allow them time to pay their tax bill or set up a payment plan....

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Collective Investment Vehicles (CIV), Possible Changes

HMRC are considering changes to the legislation on the taxation of UK property rich collective investment vehicles (CIVs) and their investors. The proposed changes aim to address instances where disproportionate burdens can arise for certain investors, alongside...

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“HMRC ‘nudge’ Letters To Property Owners

We are aware that HMRC has recently issued some 14,000 letters to property owners. This specifically relates to information HMRC has concerning property sale transactions in 2018 and 2019. HMRC will have checked the addresses against tax returns and have a suspicion...

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Dispute Resolution

This is a reminder to all our readers that when HMRC may make their final decisions at the end of their investigations, that is not necessarily  the end of the matter. If you dispute the decision that HMRC are making then there are two courses of action you can...

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Family Investment Companies

What is a Family Investment Company or FIC? In many ways, a FIC is nothing more than a company which holds a pool of investments for a family. Now that trusts are not tax-efficient, a FIC can offer the same sort of structuring but without the tax costs. A FIC also...

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“Furlough Fraud” – 20 October Deadline

As the Coronavirus Job Retention Scheme (CJRS) payments scheme comes to an end HMRC’s investigations of alleged fraud will increase. Media reports estimate that £3.5 Billion of payments have been made by the Government to fraudulent claims or errors.  There have...

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Peterborough Plant Sales Limited v HMRC

The FTT rejected the company’s appeal against HMRC’s refusal to allow input tax to be credited in relation to the purchase of plant and machinery. Nine purchases had been made from vendors who had subsequently become “missing” and who had not declared the VAT that had...

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SC CF SRL. V Romanian Tax Authorities

This case has been recently released by the ECJ. It seeks to address some of the issues around the implementation of the Kittel principle. Although the case started in relation to a  criminal investigation that went nowhere, the subsequent civil litigation where there...

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£3.5billion Furlough Loans Could Be Errors Or Fraud

Up to £3.5 billion could have been paid out in wrong or fraudulent claims for the Coronavirus Job Retention Scheme, the government suspects. Jim Harra, the top civil servant at HMRC, said that his staff believe between five per cent and 10 per cent of CJRS cash might...

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Four arrested in HMRC phone scam

Two men and two women have been arrested as part of an investigation into a suspected multi-million pound HMRC phone scam set up to target UK taxpayers. HM Revenue and Customs officers carried out searches at five addresses in East and West London on 28th July. They...

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