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Tax investigations

Tax investigations – Will more of your clients be investigated?

HMRC’s software leads to a rise in tax investigations Tax investigations of old used to take weeks or months to conduct due to the inordinate amount of time that it took the tax inspector to obtain information.  This has now radically changed with HMRC’s award winning software. Connect, as it is called, does just that by obtaining information from over 30 databases, scouring both personal and commercial information.   The information…

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Property tax allowance

Let Property Campaign – Landlords’ voluntary disclosure

Let Property Campaign – ‘bring your tax affairs up to date’ Let Property Campaign is a scheme by HMRC, aimed at landlords who owe tax through letting out residential property. According to HMRC the Let Property Campaign gives the taxpayer, “an opportunity to bring your tax affairs up to date and to get the best possible terms to pay the tax you owe.” The scheme is open to those who…

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ifa and fee protection insurance

Fee protection insurance – Qdos Vantage is IFA’s preferred partner

Tax fee protection insurance – IFA members now have access Qdos Vantage is delighted to announce that it has partnered with the Institute of Financial Accountants (IFA) as their preferred partner for tax fee protection insurance. The IFA was established in 1916, and is an internationally recognised professional accountancy membership body. It is part of the Institute of Public Accountants (IPA) of Australia Group.  The world’s largest SME focused accountancy…

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Steve Wade Qdos Vantage

Qdos Vantage welcomes new operations director

Qdos Vantage is delighted to announce that Steve Wade has joined them this week Steve, who has worked for Qdos previously as underwriting and compliance manager, has now returned to take up the role of operations director for the fee protection insurance offering. He said, “I am really looking forward to getting back on board with Qdos. The Qdos Group has gone from strength to strength and Qdos Vantage in…

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P11D deadline at HMRC

Client Confidentiality – Production orders & accountant’s dilemma

Could client confidentiality be put at risk? An accountant receiving a production order from HMRC faces a dilemma over their duty to clients and client confidentiality in particular. HMRC issued nearly 1,500 production orders under Schedule 36 FA 2008 last year, and a total of around 8,000 in the last five years. HMRC require information about clients The information notices require accountants and other professional services firms to supply information about…

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