If you receive a letter referring to COP9, it means you’re being given the opportunity to make a complete and accurate disclosure of all deliberate and non-deliberate conduct that have led to suspected irregularities in your tax affairs. If HMRC suspects that a full disclosure is not made, they reserve the right to trigger a … Continue reading
Inheritance Tax This is a tax on your estate (your assets including properties, savings minus your debts). The threshold ie nil rate band is currently £325,000. This means your estate value up to this amount is tax-free. If your estate is worth more than this, any amount over £325,000 is charged 40% and this is … Continue reading