HMRC Powers To Request Security For VAT

HMRC now have the power to request that a VAT registered business provide security for the payment of VAT liabilities. This allows them to request an amount of money where they consider there is a risk that VAT will not be paid by the business. The following may give HMRC reason to use these powers: -

The New Statutory Residence Rules - Going Abroad

Those who leave the United Kingdom to set up home overseas will have no problem as regards their residence status for UK tax purposes if they sell up completely in the United Kingdom, move abroad and make no return visits here. This of course is usually not practical at all. They may have friends or family still in the United Kingdom whom they will want to visit, and they may want to keep a home here which they can use on return visits. The question then arises as to what extent they can keep UK connections without continuing to be UK tax resident.