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We're recruiting - please get in touch

We are looking to expand our team and are recruiting for the following positions: Senior Tax Manager / Associate Director – US/UK Personal Tax Finance Assistant Tax Senior Please click the job headers above to see the job descriptions. To apply please contact Everfair Tax on 01932 320 800 or email info@everfairtax.co.uk For more information about Everfair Tax please go to our website www.everfairtax.co.uk

Signing letters from HMRC on overseas income could result in increased tax penalties

HMRC have been sending out tens of thousands of letters to remind taxpayers with overseas bank accounts and investments, that by law they are required to declare any income received. The letters are being sent to anyone with a foreign income, regardless of whether tax is currently owed and receiving the letter does not necessarily indicate that a tax is due. However, it also requests that the letter is signed and returned and omits to explain that when signed, it could mean that the individual could be subject to higher tax penalties as part of future investigations, should HMRC find errors in their accounting. The letter clearly explains that that overseas income includes rent from properti

Inheritance Tax receipts are expected to double by 2030

Research conducted by Canada Life has shown that inheritance tax receipts are expected to reach £10bn per year by 2030, almost doubling the current amount paid. In 2018 –19 inheritance tax receipts reached an all-time high of £5.4billion, £200 million up from the previous year and £600 million more from the year ending April 2017. And, to put it further into perspective, inheritance tax receipts accounted for £537m in March 2019, showing an increase of 44 percent from the £372m paid in February 2019 With the research being based on an assumed continuation of the current regulatory environment and current revenue trends, a large proportion of the increase is a result of the nil rate band bei

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Email: info@everfairtax.co.uk

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