Over the last twelve months two of my clients involved in the construction industry have suffered joint visits by the HMRC VAT and Construction Industry Team.

With the demise of local HMRC offices, this approach represents a change from previous HMRC practice.

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Scammers don’t care whether you’re an experienced investor or have never put your money anywhere other than a bank. They will try to anything to pressure you into handing over your hard-earned cash, leaving you with nothing but a hefty tax bill.

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Once a company has reached the end of its useful life its shareholders may place it in liquidation and extract any assets after payment of creditors by way of liquidation distribution.

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After a year of fund-raising, including participating in events including sky-dives, fun runs and bake-offs, our Plymouth office raised over £5,000 for children’s charity Jeremiah’s Journey.

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How is it that time of year again?! The autumnal orange leaves have fallen from the trees and fireworks have swiftly been replaced with the twinkle of Christmas lights. That’s right, it’s the time of year we have a tendency to splurge out and indulge in the festive offerings – but will businesses be thriving or feeling the festive pinch come January? 

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1 January 2018

● Payment of corporation tax liabilities for accounting periods ended 31 March 2017 for small and medium-sized companies not liable to pay by instalments.

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Thomas Westcott advises many NHS professionals with their financial planning affairs; we would like to share with you a topic relevant to all NHS pension scheme members. 

It concerns the tapered reduction of the pensions annual allowance for those earning £150-210K per annum. This “adjusted income” figure includes NHS PAYE income, private practice income and the value of employer pension contributions amongst others. 

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Recently the Government introduced new freedoms to give people greater than ever access to their pension savings.

For instance, if you are 55 or over you can now take as much or as little out of your pension savings as you like, including:

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We’re excited to announce that we’ve just launched our own Thomas Westcott Corporate Finance Service and have appointed experienced Alison Watts to head the new team.

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We meet one of our Personal Tax Managers, Gaynor Marsh, based in our Honiton office. 

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