HMRC is utilising its sophisticated AI tools alongside its £80m Connect database when investigating taxpayers. Connect collects data from numerous sources, including offshore taxpayer’s information, under the Common Reporting Standard. We understand that HMRC then cross-reference this against tax returns and other sources to identify individuals and businesses for investigation.
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See AllHMRC has confirmed that the official rate of interest will not be increased for directors’ loans outstanding throughout the tax year 2024/25 using the normal averaging method of calculation, instead k
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#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnearme #newryandmourne #qualifiedtaxadviser #wearehiring
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The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation. The decision marks its fifth pause in a row, with the Monetary
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