If you have purchased or ordered items to be delivered from abroad, they will be required to pass customs checks before you may receive them. It is at this stage where, on occasion, items may be seized by border officials.Read More
The Criminal Finances Act of 2017 serves to criminalise the failure of businesses to prevent the facilitation of tax evasion. The two offences created under this new legislation have a basis in the Bribery Act 2010, and mean that your company can be held responsible for illegal tax Read More
Part 5 of the Proceeds of Crime Act 2002 (or POCA 2002) enables prosecuting agencies to recover property which have been obtained through unlawful conduct.This right can be exercised by the NCA or another authority whether or not any proceedings have been brought in relation to a criminal offence.Read More
Section 22 of the Proceeds of Crime Act refers to the revisitation of earlier confiscation orders that were made at a time when the full amount originally believed to have been illegally obtained by a defendant was not available for recovery, and can currently be called upon by the prosecution at any time in order to confiscate the remaining sum.
If you are concerned that you may soon be investigated for offences related to money laundering – for example, tipping off money laundering, which includes informing somebody that they are being investigated – or you know of someone else who has these concerns, you’re likely trying to work out what to do next. Read More
If a gift of money or property is given to a relative or family member and the gift-giver passes away within seven years, the individual in receipt of the gift may be taxed. This is known as the inheritance tax gifts “7 year rule”. Any gift worth over £325,000 is subject to this tax.
If you’ve switched on the news recently, you’ll have no doubt been shown heartbreaking images of refugees struggling to survive as they escape from their own, war torn countries.Read More
If you receive a tax return in the post, you are legally obliged to complete it, even if you don’t think that it applies to you.