New UK CGT legislation for non-residents sees a surge in Property Valuation Reporting

New rules requiring non-residents in the UK to pay Capital Gains Tax (CGT) on sales of property comes into effect on 6 April 2015 and already experts are reporting a surge in Property Valuation Reporting. Until now, foreign investors haven’t had to pay CGT when selling property that is not their main residence. The UK Treasury and Her Majesty’s Revenue and Customs (HMRC) first published draft...

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Harrogate VAT fraudster sentenced

A North Yorkshire bookseller who made fraudulent VAT repayment claims in an attempt to steal more than £320,000 has been sentenced following an investigation by HM Revenue and Customs (HMRC). Francis Edward Naylor, 61, from Harrogate, was the sole director of The Bear Book Company Limited and Woodlands Recycling Limited. He tried to claim fraudulent VAT refunds for both companies, but was caught...

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We have negotiated a special offer with FAIRFX one of the world’s leading Currency Card and Travel money providers. FAIRFX offer a pre-paid currency card in either Euro’s, Dollars & Sterling, which saves taking large amounts of cash abroad.  The cards can be used in all major outlets which accept MasterCard and are chip and pin secure....

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Nottingham salesman jailed for tax fraud

A self-employed salesman, who stole almost £90,000 from the taxpayer, has been jailed for 18 months after an investigation by HM Revenue and Customs (HMRC). Anthony Lewis, from Gamston, went door to door selling short-term loans and collecting repayments, earning £350,000 in commission. But the 65-year-old never registered with HMRC for Self Assessment and failed to pay Income Tax and National...

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Construction sector turnover up 21% since crisis to £218 billion

The total turnover of the UK construction sector has jumped another 6% in the last year to £218 billion, * and is now up 20.7% on its £180 billion low during the depths of the recession in 2009-10, according to BNP Paribas Leasing Solutions. The surge in turnover has come from across the house building, commercial property development, and infrastructure sectors. BNP Paribas Leasing Solutions...

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