Friday 13 February 2015
Plans to rid tax return fine
'HMRC have recently revealed that they may rid the government's automatic £100 fine for late Self Assessment Tax Returns for those submitting the forms a day or two late'
More on link ... http://www.telegraph.co.uk/finance/personalfinance/tax/11398244/HMRC-plan-to-scrap-100-fines-for-late-tax-returns.html
Thursday 15 January 2015
Self Assessment Tax Return
Are you struggling to find the time to complete your Self Assessment Tax Return? U-Tax are happy to help! Simply call us on 01564 732174, or visit our website at www.u-tax.co.uk
U-Tax currently has an offer of £75 + VAT, and can complete & submit your return within 24 hours.
With just over two weeks left before the deadline, get in touch today!
U-Tax currently has an offer of £75 + VAT, and can complete & submit your return within 24 hours.
With just over two weeks left before the deadline, get in touch today!
Tuesday 13 January 2015
Manchester foursome jailed for tobacco crimes
In a plan to swamp Greater Manchester with duty free cigarettes and tobacco, four men, Mark O'Neill (50), Christopher Bridgemen (49), Cyril Crowe (57), and Gerard Neville (49), were sentenced after an investigation conducted by HMRC uncovered their attempt to launder their profits illicitly.
It was found that all four men were associated with the storage and transportation of the goods around the North West of England in order to avoid £425,000 in UK taxes. They were also caught with considerable amounts of money, although each of them were unemployed. It is assumed to be the profits made from their activity.
Assistant Director, Criminal Investigation, HMRC, Sandra Smith said:
"We are determined to tackle the illicit tobacco trade in Greater Manchester. These men moved smuggled cigarettes and illegal cash around the North West region and, as a result of our actions, we have disrupted criminals who used illegal tobacco as a commodity to fund their lifestyles.
"My message is clear to anyone engaged in this illegal activity - HMRC will pursue those who ignore the rules on the sale, storage and supply of illicit tobacco goods.
"The evasion of excise duty is a criminal offence. If you are caught, you will not only have your goods seized but you may also face prosecution and, if convicted, a criminal record or prison sentence. Anyone with information about the illegal trade in smuggled cigarettes and tobacco in the Manchester area should contact the customs hotline on 0800 59 5000."
The four men had been seen at several incidents meeting in the area, often exchanging money or goods. After searching their vehicles, their homes and storage units, large quantities of cash affiliated with their illegal trade were discovered. During the sentencing at Manchester Crown Court, His Honour Judge Steiger stated that O'Neill had "played a prominent and major role in the conspiracy" and "Crowe and Bridgemen were his trusted and reliable lieutenants", whereas Melville was "only involved in the conspiracy from April to June 2012", leaving him with a lesser sentence to serve.
Each of the men were charged with conspiracy to evade the excise duty payable on goods. The cigarettes were recycled for the National Grid to use as fuel, the cash and used vehicles found were seized, and an investigation into their lifestyles and profits made took place.
HMRC is asking people who may have any information to call in and help to fight against crime.
It was found that all four men were associated with the storage and transportation of the goods around the North West of England in order to avoid £425,000 in UK taxes. They were also caught with considerable amounts of money, although each of them were unemployed. It is assumed to be the profits made from their activity.
Assistant Director, Criminal Investigation, HMRC, Sandra Smith said:
"We are determined to tackle the illicit tobacco trade in Greater Manchester. These men moved smuggled cigarettes and illegal cash around the North West region and, as a result of our actions, we have disrupted criminals who used illegal tobacco as a commodity to fund their lifestyles.
"My message is clear to anyone engaged in this illegal activity - HMRC will pursue those who ignore the rules on the sale, storage and supply of illicit tobacco goods.
"The evasion of excise duty is a criminal offence. If you are caught, you will not only have your goods seized but you may also face prosecution and, if convicted, a criminal record or prison sentence. Anyone with information about the illegal trade in smuggled cigarettes and tobacco in the Manchester area should contact the customs hotline on 0800 59 5000."
The four men had been seen at several incidents meeting in the area, often exchanging money or goods. After searching their vehicles, their homes and storage units, large quantities of cash affiliated with their illegal trade were discovered. During the sentencing at Manchester Crown Court, His Honour Judge Steiger stated that O'Neill had "played a prominent and major role in the conspiracy" and "Crowe and Bridgemen were his trusted and reliable lieutenants", whereas Melville was "only involved in the conspiracy from April to June 2012", leaving him with a lesser sentence to serve.
Each of the men were charged with conspiracy to evade the excise duty payable on goods. The cigarettes were recycled for the National Grid to use as fuel, the cash and used vehicles found were seized, and an investigation into their lifestyles and profits made took place.
HMRC is asking people who may have any information to call in and help to fight against crime.
Wednesday 7 January 2015
Accountant Sentenced For Fraudulent Evasion
After pleading guilty to £65,000 worth of tax fraud, a Derby based accountant has been sentenced to 16 months of jail time for a total of seven offences.
59 year old Stephen Douce, co-director of ACA Accountancy Services LTD, spent 5 years pocketing the VAT charged on clients, withheld income on Self Assessment Tax Returns, and claimed two years' tax credits illicitly, HMRC discovered. Douce declared that his household income was £4,500 annually for himself and his wife, when in reality it was over the figure of £56,000.
HMRC's Assistant Director, Criminal Investigation, Stuart Taylor, said:
"As an accountant, Douce was in a position of trust and well aware that he was breaking the law. He chose to do this for the opportunity for making what he wrongly assumed would be easy money, at the expense of the UK taxpayers. He now has to pay the price for his criminal activity.
"If you know of anyone who is committing tax fraud you can report them by calling our 24 hour hotline on 0800 59 5000."
The investigation showed that over a 5 year period between 2008 and 2013, Douce profited £31,905.07 from his clients' VAT payments, all of which should have been paid directly to HMRC, alongside evading Income Tax, £18,203.79 in National Insurance contributions, and claimed £14,111.11 in tax credits.
On 25th November 2014, Douce pleaded guilty to seven offences of fraudulent evasion, and was jailed for 16 months on Tuesday 6th January. Recovery of the stolen money has begun via means of confiscation proceedings.
59 year old Stephen Douce, co-director of ACA Accountancy Services LTD, spent 5 years pocketing the VAT charged on clients, withheld income on Self Assessment Tax Returns, and claimed two years' tax credits illicitly, HMRC discovered. Douce declared that his household income was £4,500 annually for himself and his wife, when in reality it was over the figure of £56,000.
HMRC's Assistant Director, Criminal Investigation, Stuart Taylor, said:
"As an accountant, Douce was in a position of trust and well aware that he was breaking the law. He chose to do this for the opportunity for making what he wrongly assumed would be easy money, at the expense of the UK taxpayers. He now has to pay the price for his criminal activity.
"If you know of anyone who is committing tax fraud you can report them by calling our 24 hour hotline on 0800 59 5000."
The investigation showed that over a 5 year period between 2008 and 2013, Douce profited £31,905.07 from his clients' VAT payments, all of which should have been paid directly to HMRC, alongside evading Income Tax, £18,203.79 in National Insurance contributions, and claimed £14,111.11 in tax credits.
On 25th November 2014, Douce pleaded guilty to seven offences of fraudulent evasion, and was jailed for 16 months on Tuesday 6th January. Recovery of the stolen money has begun via means of confiscation proceedings.
Tuesday 6 January 2015
Thursday 18 December 2014
HMRC Target Illicit Fuel Sites
A filling station in County Down has had its pumps removed after HM Revenue & Customs suspected the sale of illicit fuel.
During the operation, (Wednesday 10th December), two separate sites were visited; an oil storage depot where 4,000 litres of suspected illegal fuel were seized, and a filling station where working with specialist contractors, HMRC carefully removed its fuel pumps and an overground fuel storage tank.
National Oils Co-ordinator, HMRC, Pat Curtis said: "Selling illicit fuels creates an unfair playing field and seriously undercuts legitimate traders who should be able to operate without the threat of unfair competition. Retailers who sell illicit diesel will not only face seizure of fuel and equipment from their premises, but also risk losing their license to trade.
"Anyone with information on fuel misuse or suspicious activities can contact the Customs Hotline on 0800 59 5000."
There are ongoing information into the filling station and storage site.
During the operation, (Wednesday 10th December), two separate sites were visited; an oil storage depot where 4,000 litres of suspected illegal fuel were seized, and a filling station where working with specialist contractors, HMRC carefully removed its fuel pumps and an overground fuel storage tank.
National Oils Co-ordinator, HMRC, Pat Curtis said: "Selling illicit fuels creates an unfair playing field and seriously undercuts legitimate traders who should be able to operate without the threat of unfair competition. Retailers who sell illicit diesel will not only face seizure of fuel and equipment from their premises, but also risk losing their license to trade.
"Anyone with information on fuel misuse or suspicious activities can contact the Customs Hotline on 0800 59 5000."
There are ongoing information into the filling station and storage site.
Tuesday 16 December 2014
Fraudulent Handyman Sentenced
After working as a handyman for more than 20 years, Norfolk man Richard Green, has been imprisoned for three years after deceiving the tax system out of roughly £169,776. The 63 year old confessed to being self-employed since before 1992 without paying an ounce of tax, National Insurance, and failing to register with HMRC.
Assistant Director Criminal Investigation, HMRC, Paul Barton said:
"Green admitted that he should have paid tax on his self-employment but failed to do so. This fraudulent activity is not acceptable when the majority of people pay their dues and play by the rules. If you know of anyone committing tax fraud, you can report them by calling our 24 hour hotline on 0800 59 5000."
On 16th December 2014, Green was sentenced by Norwich Crown Court to three years imprisonment. The fraud was uncovered during HMRC's investigation where officers failed to find any tax returns from himself. Green had told HMRC that his earnings from self-employment reached between £15-£25,000 but after officers checked his bank records for 2007 - 08, they found an income of almost £70,000.
He was charged with Cheating the Public Revenue on 13th November 2013 and pleaded guilty on 26th February 2014.
Assistant Director Criminal Investigation, HMRC, Paul Barton said:
"Green admitted that he should have paid tax on his self-employment but failed to do so. This fraudulent activity is not acceptable when the majority of people pay their dues and play by the rules. If you know of anyone committing tax fraud, you can report them by calling our 24 hour hotline on 0800 59 5000."
On 16th December 2014, Green was sentenced by Norwich Crown Court to three years imprisonment. The fraud was uncovered during HMRC's investigation where officers failed to find any tax returns from himself. Green had told HMRC that his earnings from self-employment reached between £15-£25,000 but after officers checked his bank records for 2007 - 08, they found an income of almost £70,000.
He was charged with Cheating the Public Revenue on 13th November 2013 and pleaded guilty on 26th February 2014.
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