Lambert Chapman LLP, Contractors Seminar - PCG

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11) HMRC visits to premises…• The current VAT legislation is wide-ranging andgives right of access to premises. No equivalentpower for HMRC re the inspection for PAYE orincome tax.• HMRC cannot search premises nor can theysearch for assets or documents.Lambert Chapman LLP, Contractors Seminar13 th September, 2012
12) HMRC visits to premises…• The occupier also has the right to refuse entry tothe premises or terminate the visit at the time.• Inspection can only go past the inspection ofstatutory records if:- the business agrees to it.- the business has been issued with a formalnotification.• The power does not apply to premises that areused solely as a private dwelling.• The visit must be a ‘reasonable time’.Lambert Chapman LLP, Contractors Seminar13 th September, 2012
Page 1 and 2: IF HMRC COME A’ KNOCKING…ARE YO
Page 3 and 4: 2) If your business is selected for
Page 5 and 6: 4) You need to keep business record
Page 7 and 8: 6) HMRC run the checks at 4 differe
Page 9 and 10: 8) HMRC powers to obtain informatio
Page 11: 10) Production of Information• Bu
Page 15 and 16: 14) Computer Records• HMRC have t
Page 17 and 18: THANK YOU FOR LISTENINGChris Harman
Page 19 and 20: What is the 24 month rule?• The c
Page 21 and 22: What travel costs can be claimed?
Page 23 and 24: Will a contract with a new client r
Page 25 and 26: What is the 40% test?• The 40% te
Page 27 and 28: Examples…• See the notes at the
Page 29 and 30: What are the risks of getting this
Page 31 and 32: Tax Efficient Strategies Incorporat
Page 33 and 34: Company with £300k profit or less.
Page 35 and 36: Getting The Mix RightProfitCompany
Page 37 and 38: Profit Extraction - Using Pensions:
Page 39 and 40: Relevant Life Assurance•Life assu
Page 41 and 42: Thank you for attendingIf you requi

Lambert Chapman LLP, Contractors Seminar - PCG

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