The risks arising from an HMRC investigation have substantially increased, making a tax investigation all the more painful for those who make errors in their self-assessment tax returns and payments.
Our employment tax and VAT teams look at the direct tax and VAT implications associated with staff gifts to make sure that tax liabilities don’t arise.
We highlight an often overlooked VAT issue which is particularly relevant to property development, or for any business that changes its intended use of an asset from a taxable sale to exempt.