2


FINANCIAL FOCUS ON..…Knock Knock…


AN Inspector of Taxes has various rights of entry available when wishing to inspect your business premises to ensure that you pay the “right amount of tax”. Although HMRC will admit to being understaffed, and therefore you are possibly less likely than you were in the past to receive an inspection visit, you do still need to be aware of what to do should an Inspector come knocking at your business premises. The first thing to remember


is that the definition of a business premise for inspection purposes includes not only a place from where the business trades but, importantly, where business records may be kept. Therefore, if you keep your records at home, the Inspector may include your home as a possible place to visit. Whilst most inspections


will be pre-arranged for a mutually convenient time with the taxpayer (with at least seven days’ notice), Inspectors do have the power to obtain authorisation to make unannounced visits (although they do not have the right to force entry and you are not obliged to let them into your premises). If an Officer does arrive with a written notice, you should always ask for identification before letting them in. You can also phone HMRC to check the identity of the


visitors. The taxpayers of course


will be caught unawares by such an appearance by the Inspector, especially if they are busy with the normal everyday activities of the business at the time (serving customers, etc). Whilst it could be reasonable to assume that you might be able to ask the Inspector to wait a few minutes before the inspection commences, you should be aware that in some circumstances you could be charged a penalty for obstructing an officer of Her Majesty’s Revenue & Customs in the performance of an inspection. This should be borne in


mind for any instructions left to members of staff if you are not at the premises and an Inspector calls. Once inside, an Inspector


has the power to inspect the business premises and any business records and assets that are there. This is not taken to mean that they can physically make a search but they can request access to records, providing the request is reasonable under the circumstances. The rules do place some restrictions on what information may be produced, but very few. Information or documents that the Inspector may not see include medical histories, correspondence from lawyers, journalistic material or items that are not


Can an Attorney make gifts? Yes.... Sometimes


GENERALLY it is true to say that an Attorney acting on a Power of Attorney cannot dispose of the donor’s assets. They have to be retained for the donor’s benefit almost as if he is magically going to get younger and fitter and recover his capabilities and have no need for an Attorney. Of course, that doesn’t


physically present. In the main, however, the


vast majority of visits will be pre-arranged and you should, of course, contact your tax adviser or accountant as soon as you learn of an impending visitation from the other side. As they say on Crimewatch,


“Try not to have nightmares”. For further information


on any of the above points or to discuss your affairs generally, please do not hesitate to contact Robin Beadle at Ensors Chartered Accountants, Saxmundham on 01728-603005. This article seeks to


address general business and financial issues and due care has been taken in its preparation. Ensors cannot accept responsibility for loss incurred by any person, company or entity as a result of acting, or failing to act, on any material in this publication. Specialist advice should always be sought


in


relation to your particular circumstances.


happen in the real world, but it remains the underlying ethos of how you are to approach the duties of acting as an attorney. But the severity of this principle prevents an attorney from taking advantage of some real and perfectly lawful disposals which are very beneficial not least to the donor’s family even if not to the donor himself. It is common knowledge


that a person may give away assets and then if he survives seven years those assets won’t come into reckoning for Inheritance Tax. Tax savings may begin after just


three years in a large estate. Less well known is the fact that the Court of Protection can give permission for gifts to be made when the donor cannot make them himself, as happened in a recent case PBC v The Official solicitor (2018)EWCOP19. The donor was an elderly lady with the onset of dementia living in a care home. She was a high net worth individual with an estate of about £17 million. We will use her initial “J”. J’s son “P” applied to the court for authority to make gifts amounting to £7 million, some of which would go to charities, and most of which were the acceleration of gifts that were already written in J’s Will. The intention being that if J survived just three years the tax on the estate would reduce from £5.5m to £3m. The recipient parties


(including MINd and other charities) all consented to the gifts but the authority of


ALAN ROSS REMOVALS & STORAGE


Full & part packing services available. Experienced in moving pianos & fine antiques. Packaging materials supplied.


“Don’t risk doing it yourself...let us take the strain!”


 01728 668900 /  sales@alanrossremovals.co.uk www.alanrossremovals.co.uk


Units 1 & 2, Station Works, Main Rd, Darsham DAY EXCURSIONS


SAT 5TH JAN: LAKESIDE / IKEA ............£21.00 THUR 10TH JAN: LONDON .....................£34.00 WED 16TH JAN: MID WEEK MYSTERY LUNCH .. ..............................................................£28.00 SAT 19TH JAN: MODEL ENG. EXHIBITION ......... ..............................................................£42.50 SUN 3RD FEB: FREEPORT ......................£18.00 SUN 10TH FEB: CHIPPENHAM PARK SNOWDROPS........................................£22.50 SAT 16TH FEB: LONDON CLASSIC CAR SHOW . ..............................................................£58.00 TUES 19TH FEB: LONDON MUSEUMS / AQUARIUMS .........................................£37.00 SAT 23RD FEB: ROMFORD.....................£22.00 THUR 28th FEB: KNIT & STITCHING SHOW....... ..............................................................£49.00 THUR 7TH MAR: CRUFTS AT NEC ..........£60.00


THEATRES & CONCERTS


SUN 30TH DEC: DISNEY ON ICE ..............£79.50 THUR 7TH FEB: BOYZONE.........................£90.00 FRI 8TH FEB: STRICTLY COME DANCING .£93.00 SUN 24TH FEB: MAGIC MIKE LIVE .........£115.00 THUR 14TH MAR: SCHOOL OF ROCK........£76.00 SUN 24TH MAR: THRILLER LIVE ..............£70.00 THUR 4TH APR: PHANTOM .......................£66.50


WED 8TH MAY: LION KING ........................£86.00 THUR 30TH MAY: TAKE THAT (TRAVEL ONLY) .... .................................................................£22.00 THUR 13TH JUNE: WESTLIFE ................ £120.00 25TH/26TH AUG: ED SHEERAN (TRAVEL ONLY) ... .................................................................£20.00


MON 18TH MAR CORNWALL TREASURES 5 DAYS £379 MON 1ST APR WARNERS BODELWYDDAN 5 DAYS £359 SUN 7TH APR PRAGUE, BOHEMIA & DRESDEN


HOLIDAYS MON 8TH APR PICK OF THE PEAKS


SUN 14TH APR WHISKY SAILS & POPPY TRAILS


THUR 16TH MAY CALL THE MIDWIFE & HISTORIC KENT


FRI 17TH MAY RIMINI & THE ADRIATIC RIVIERA


8 DAYS £749 5 DAYS £395


7 DAYS £529


FRI 26TH APR CITY OF DREAMING SPIRES 4 DAYS £249 SUN 28TH APR IRELANDS WILD CHILD 7 DAYS £629 MON 29TH APR ISLE OF WIGHT


6 DAYS £445 3 DAYS £225 10 DAYS £1129


SUN 19TH MAY APPLEBY MANOR HOTEL COLLECTION 5 DAYS £489


MON 10TH JUN LAKE DISTRICT DISCOVERY 5 DAYS £175


FRI 24TH MAY GLOUCESTER TALL SHIPS 4 DAYS £269 FRI 31ST MAY LYTHAM ST ANNE BARGAIN BREAK


4 DAYS £175


CALL NOW FOR A COPY OF OUR BROCHURES


ONLINE BOOKING NOW AVAILABLE Telephone 01728 830414 www.bellecoaches.co.uk Always a selection of used cars ALDE FENCING


Agricultural, Domestic, Commercial, Repairs & Gates


For a Free Quotation please contact Adam on 01728 454296 | 07896 766719 adamblowers@btinternet.com


01728 833118 07896 766719


- Tree Maintenance - Tree Removal - Stump Grinding - Garden Maintenance - Hedge & Lawn Cutting - Turfing - Fencing


- Soft Landscaping O


Reliable family business providing service and quality installations


• Domestic and Commercial installations • Trust Mark approved


• New installations and Rewiring • Electrical installation condition report • Landlords and House Buyers report • Fault Finding • All electric heating


• Domestic and Commercial installations • Trust Mark approved


• New installations and Rewiring • Electrical installation condition report • Landlords and House Buyers report • Fault Finding • All electric heating


• New installations and Rewiring • Electrical installation condition report • Landlords and House Buyers report • Fault Finding • All electric heating


Tel: 01728 833440 mobile: 07905 835125 email: johngreen2002@btinternet.com


APPROVED CONTRACTOR APPROVED CONTRACTOR APPROVED CONTRACTOR APPROVED CONTRACTOR APPROVED CONTRACTOR APPROVED CONTRACTOR


Tel: 01728 833440 mobile: 07905 835125 email: johngreen2002@btinternet.com


Tel: 01728 833440 mobile: 07905 835125 email: johngreen2002@btinternet.com


01728 748446 cnplumbing@outlook.com


Registered Business


JANUARY 2019


Reliable family business providing service and quality installations


• Domestic and Commercial installations • Trust Mark approved


Reliable family business providing service and quality installations


NICEIC Approved Contractor and Domestic Installer NICEIC Approved Contractor and Domestic Installer NICEIC Approved Contractor and Domestic Installer


Complete system installation and service specialists.


For all your water, gas, oil, LPG & renewable energy needs.


R


LANDSCAPES DESIGN & BUILD


Mobile: 07887 521 279 Tel: 01728 748302 E


Hard & Soft Landscaping


Competitive Prices Free Estimates Full Garden Designs


We carry out all types of: Fencing * Patios * Driveways Block Paving * Turfing Hedge Cutting * Ground Works etc


LEI 5/FRAM 5 N


• MOT TESTING • SERVICING • REPAIRS


• TYRES & EXHAUST • AIR CONDITIONING SERVICING


JOHN BALLS GARAGE FRISTON


Tel: (01728) 688 509 Free collection & delivery service 10 mile radius


www.a1carpets4u.co.uk


For the complete A1 Service


www.garyburdena1carpets4u.co.uk


Supply & installation of fine quality Carpets & Vinyls. Domestic & commercial 10 Year Stain resitant Carpets & Vinyl’s from £4.99m2 Save £££££’s - We will beat any genuine retailer quote We offer value for money. Free Uplift & Disposal. NO HIDDEN EXTRAS!


Supply & installation of fine quality


Carpets & Vinyls. Domestic & Commercial 10 Year Stain Resistant Carpets & Vinyl’s from £4.99m2


We bring the shop to you - Home sample service with hundreds of ranges to chose from in the comfort of your home


Tel: 01728 604396


Save £££££’s - We will beat any genuine retailer quote Mob: 07419 375720


For the complete A1 Service


Find us on facebook for special promotions www.facebook.com/a1carpets4u


www.garyburdena1carpets4u.co.uk


We offer value for money. Free Uplift & Disposal. NO HIDDEN EXTRAS!


We bring the shop to you - Home sample service with hundreds of ranges to choose from in the comfort of your home


Supply & installation of fine quality Carpets & Vinyls. Domestic & commercial 10 Year Stain resitant Carpets & Vinyl’s from £4.99m2 Save £££££’s - We will beat any genuine retailer quote We offer value for money. Free Uplift & Disposal. NO HIDDEN EXTRAS!


We bring the shop to you - Home sample service with hundreds of ranges to chose from in the comfort of your home


Tel: 01728 604396


Find us on facebook for special promotions www.facebook.com/a1carpets4u


Find us on facebook for special promotions www.facebook.com/a1carpets4u


Mob: 07419 375720 Mob: 07419 375720


Save your feet, no need to go to the high street. Call us today on 01728 604396


Pulham & Co Solicitors


A FULL RANGE OF LEGAL SERVICES EFFICIENT AND PERSONAL


Egmere House, Market Place, Saxmundham Telephone: (01728) 602084 Contact: John Pulham


0505825


the Court of Protection was needed. But the court can only give consent to matters that are in the donor’s interests. Clearly it is not common to hear that making a gift actually benefits the donor but this sometimes can be true. The prosperity of the family and the satisfaction of making worthwhile gifts are real issues, and when the Court balanced all the factors for and against the transaction it found that


altruistically making gifts can be a real pleasure. The court gave approval. For further advice about


Powers of Attorney and deputyships contact John Pulham at:- Messrs Pulham & Co, Egmere House, Market Place, Saxmundham, IP17 1AG. Telephone (01728) 602084 or Email: jsp@pulham.co.uk


SERVICES 129839


066227 038555 066227 066227 127368


075557


872419


099514


086594


038553


099532 701389


0326549


E S


G


L


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16