New Posts For Thread: advice: TAX OFFICE has been on a friends back for 3 yearshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-yearsSome advice.HM have been on a friend of mines company (construction / subs work, 3 employees, small to medium size) for three years now. Yesterday, his wife who does their basic accounting (bills in and out. Accountant used for filing, etc) was onCompany owned by the individuals (Steve and wife). No connections to the company in the slightest as far as a deduction or revenue (i.e. rental). But still is ownership abroad which always has implications and possibly, in this case, triggers.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966870#425966870Company owned by the individuals (Steve and wife). No connections to the company in the slightest as far as a deduction or revenue (i.e. rental). But still is ownership abroad which always has implications and possibly, in this case, triggers.Mon, 01 Mar 2010 09:28:28 -0600yes, if you have unexplained wealth - and especially if you work in a business like building, where cash is king.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966774#425966774yes, if you have unexplained wealth - and especially if you work in a business like building, where cash is king.Tue, 23 Feb 2010 16:58:53 -0600does the taxman work on the assumption you're guilty until proven innocent?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966770#425966770does the taxman work on the assumption you're guilty until proven innocent?Tue, 23 Feb 2010 16:40:01 -0600Heavy equipment used he brought down from UK borrowing on weekendsWhy doesn't he show them the ferry receipts? I mean, he must have had some problems getting big diggers onto the ferry.And the insurance policies he took out for them to be in France?Whttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966766#425966766Heavy equipment used he brought down from UK borrowing on weekendsWhy doesn't he show them the ferry receipts? I mean, he must have had some problems getting big diggers onto the ferry.And the insurance policies he took out for them to be in France?WTue, 23 Feb 2010 14:13:46 -0600get a formal valuation done -Revenue will accept evidence but not generalyy just opinionhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966762#425966762get a formal valuation done -Revenue will accept evidence but not generalyy just opinionTue, 23 Feb 2010 09:15:24 -0600Thank you.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966758#425966758Thank you.Tue, 23 Feb 2010 07:42:11 -0600try somewhere like http://www.taxationweb.co.uk/forum/https://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966754#425966754try somewhere like http://www.taxationweb.co.uk/forum/Tue, 23 Feb 2010 05:59:30 -0600Some advice.HM have been on a friend of mines company (construction / subs work, 3 employees, small to medium size) for three years now. Yesterday, his wife who does their basic accounting (bills in and out. Accountant used for filing, etc) was onhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23726238/advice-tax-office-has-been-on-a-friends-back-for-3-years?post_id=425966750#425966750Some advice.HM have been on a friend of mines company (construction / subs work, 3 employees, small to medium size) for three years now. Yesterday, his wife who does their basic accounting (bills in and out. Accountant used for filing, etc) was onTue, 23 Feb 2010 05:57:10 -0600