Holiday Home Owners Beat the Taxman

The new ruling could allow holiday home landlords – who let their properties – to claim business property relief and therefore reduce their inheritance tax (IHT) bill. HM Revenue and Customs (HMRC) had previously tried to pigeonhole holiday lets with other...

Bodging builder jailed for £96k VAT fraud

A West Midlands builder who set up multiple fake companies to commit a £96,000 VAT fraud, and left some of his customers with unfinished work, has been sentencedto 16 months in jail. Self-employed Carl Williams, 43, from Shirley, fraudulently claimed more than £52,000...

Banks’ top tips for business loans

The Better Business Finance Campaign members include Barclays, HSBC, Lloyds TSB, Royal Bank of Scotland and Santander. Under the campaign, the ‘big’ banks are offering advice to small to medium enterprises (SMEs) to help them get business loans, as...

Film fraudster ends up in the can

A Hollywood conman has been jailed for three years and eight months after stealing £1.6 million in VAT from the UK taxpayer while living a life of luxury in the United States. Sri-Lankan-born Damita Nikapota, 47, is believed to have spent the proceeds of his crime on...

Family smuggling business goes up in smoke

A gang of men, many from the same family, who set up an illegal tobacco factory in a Doncaster house, were jailed yesterday after an investigation by HM Revenue and Customs (HMRC). In October and November 2012 the gang, led by Ronald Edwards, 62, illegally imported...