But forgiveness is not the HMRC way. Taxpayers are expected to get their tax returns right first time, and to diligently preserve all records relevant to their tax affairs for at least six years. However, HMRC has been shown to make systematic mistakes in tax computations, to provide incomplete information to taxpayers, and to have […]
Read More…Welcome to Hills & Peeks
About Us
We are professionally qualified number crunchers and have a wealth of knowledge about your industry. Whether you’re a creative individual, a business, an entrepreneur or needing advice with your personal taxes, we know how to help you make the most of your opportunities.
Hills and Peeks is a well-established business based in Worthing, West Sussex. Over the years we have built up our firm by providing a high quality, efficient and very personable service – resulting in our reputation for hard work, integrity and professionalism. Our clients come from a variety of business sectors and are based all over the UK and internationally. They range from sole traders, businesses and limited companies to events and festival organisers.
News
Making Tax Digital (MTD)
The Government’s aspiration for the UK tax system is that all taxpayers should submit their accounts information to HMRC directly from accounting software. The first step towards this new digital world will be taken by VAT registered businesses. From 1 April 2019, VAT registered businesses which have an annual turnover of £85,000 or more will […]
Read More…Enjoy your Entrepreneurs’ Relief
When you sell some or all of the shares in your company, you should expect to pay Capital Gains Tax (CGT) on any profits you make. This tax is normally charged at 20% for higherrate taxpayers, but Entrepreneurs’ Relief can reduce the CGT payable to 10%. To qualify for Entrepreneurs’ Relief you need to be […]
Read More…
BBC Business
- How PPI has changed our financial lives August 21, 2019The UK's biggest financial mis-selling scandal's led to £36bn in payouts. How has it affected us all?
- Ditch cars to meet climate change targets, say MPs August 21, 2019MPs say people will have to stop driving if the UK is to meet its Zero Carbon goals by 2050.
- Three ways Trump wants to kickstart the US economy August 21, 2019Amid concerns of an economic recession, the White House has considered several emergency measures.
- Argentina minister defends peso amid default risk August 21, 2019Debt ratings agency Fitch says the peso's recent depreciation "suggests a real risk of default".