Ask any taxpayer the question ‘Would you like to pay less tax?’ and I imagine that, almost without exception, the answer would be ‘Yes’.
By the time you have finished reading this book I would like to think that you will have come across at least one way of saving tax, maybe:
- another allowance or relief you can claim;
- an expense that could be included in your business accounts; or
- a more tax-efficient structuring of your cash savings and investments.
But, first of all, you should have an understanding of the workings of the various HM Revenue & Customs (HMRC) departments responsible for the day-to-day running of our tax system.
HMRC was launched back in 2005 following the merger of the former departments of the Inland Revenue ...