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care homes and HMRC

The Caring Government? Targeting care homes

Project to target care homes Most people can understand that H M Revenue & Customs (HMRC) will target tax avoidance schemes used by the rich and famous but did you know that there is also a project to target care homes? At a PAYE inspection the HMRC officer confirmed that there is a project targeting care homes. There are a couple of areas that HMRC are looking at in detail,…

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Accountex stand 570

Qdos Vantage will be exhibiting at Accountex 2017

Accountex – Stand No. 570 We are getting prepared for Accountex 2017 which is only weeks away and wanted to let you know that we will be on Stand No. 570. We hope that if you are attending that you will come and say hello.  Paul Rigney and Paul Clegg, who are manning the stand, will be armed with a few useful gifts and of course there is the opportunity…

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insurance premium tax

Insurance Premium Tax Rate Change

Insurance Premium Tax Rate Changes from the 1 June 2017 As you are no doubt aware, from the 1st June 2017 the rate for Insurance Premium Tax (IPT) will increase from 10% to 12%. What does this mean for Tax Fee Protection Insurance? If your scheme incepts or renews after the 1st June 2017 the new rate will apply to all clients who purchase and we will provide you with…

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capital allowances

Capital Allowances – Claims on property transactions

Benefits of correctly identifying Capital Allowances on embedded items Despite recent changes in tax legislation commercial property remains an attractive investment, although few owners fully understand the requirements and potential benefits of correctly identifying Capital Allowances on embedded items, especially when entering into a property transaction. Often it is possible to enhance the selling price of the property, and/or minimise a tax bill, by making sure that all qualifying fixtures…

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Enhancements to the Qdos Vantage Tax Advice Line

Vantage brings tax advice line in-house .. Qdos Vantage continues to go from strength to strength, with more and more accountants choosing Vantage as their Fee Protection Insurance provider. Accountants are drawn towards our simplified and transparent approach, innovative on-line tools, significant policy enhancements and expert claims handlers delivering 99% first time acceptance. At Vantage we do not stand still and continue to look for ways in which we can…

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digital-tools

Digital Tools Revolution for HMRC

Investments in digital tools Often our accountancy clients ask us for articles that they can pass on to their clients, which provide an update on the current HMRC approach to compliance work.  The following gives an interesting insight into HMRC’s use of digital tools, their undoubted effectiveness and the impact that it has had in respect of HMRC activity: Since 2005/06 HMRC has made significant progress in closing the tax…

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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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Let property campaign

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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0116 274 9123 info@qdosvantage.com