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Restaurant owner jailed following complex HMRC investigation

Chin Seong Lam, aged 60 of Barnet in London, has been jailed for three years following a complex HMRC Fraud Investigation involving £1 million tax scam. Mr. Lam owned two successful Chinese restaurants in London and Portsmouth. He under-declared his sales and as a consequence did not pay tax (VAT, income and corporation tax) of …

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HMRC minimum wage checks target rural businesses

Government officials are cracking down on farm employers who fail to pay workers the national minimum wage (NMW), accountant Saffery Champness has warned. The firm said that HMRC was particularly active in this area at the moment and a number of farmers had reported undergoing wage checks. Saffery Champness partner Martyn Dobinson said: “We are …

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Inheritance tax and capital gains tax planning for a large estate

This client came to us through another firm of accountants from London. The client had a significant portfolio of investment properties as well as a high value main residence. The client was seeking advice to mitigate capital gains tax on transferring the investment properties to their children and also to reduce their estate for the …

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