HMRC
Tax & Regulation | 16 Apr 14
chancellors tax evasion plans blow to rule of law
Plans to remove a requirement to prove individuals with offshore accounts intended to evade tax are arguably a “blow to the rule of law in tax”, according to a partner at Baker Tilly.
Tax & Regulation | 14 Apr 14
prison threat for undeclared offshore assets
The UK Government today published details of its latest plans to ramp up pressure on tax evaders who hide money offshore, which include making it easier to prosecute them, with a prison sentence possible for those found guilty, even if, it is being suggested, they did not intend to evade taxes.
Tax & Regulation | 3 Apr 14
ldf tax yield could be less than half
The revenue the UK Government will see in its coffers as a result of the Liechtenstein Disclosure Facility amnesty scheme "is likely to fall significantly short of its £3bn target", a UK law firm has predicted.
Tax & Regulation | 2 Apr 14
warn clients in tax disputes to get ready to pay
Advisers whose clients are among the 65,000 individuals and businesses said to be under investigation for having used UK tax avoidance schemes, are being told that they should begin urging these clients to line up the cash necessary to pay the disputed amount by early autumn.
Tax & Regulation | 19 Mar 14
chancellor uses budget to scare tax cheats
Legislation enabling HM Revenue & Customs to be able to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a range of measures UK Chancellor George Osborne unveiled in his budget today.