HMRC
Best Practice | 26 Oct 17
Tax evasion/avoidance make up a fifth of the £34bn UK tax gap
The UK lost out on a fifth of the tax revenue it expected to raise in 2015/16 because of evasion and avoidance, figures released on Thursday by HM Revenue & Customs show.
Best Practice | 20 Oct 17
HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.
Best Practice | 19 Oct 17
New tax register ‘burdensome’ for beneficiaries
Beneficiaries who fail to comply with the UK’s new Beneficial Trust Register may face fines and prosecution, warns accounting, tax and advisory practice Blick Rothenberg.
HMRC raids on Newcastle United FC ruled legal by High Court
Raids by tax investigators on Newcastle United Football Club premises and the home of its managing director as part of a fraud investigation were legal, the High Court has ruled.
Tax avoidance plan promoter gets done for not telling HMRC
A tax avoidance scheme promoter has been found guilty of not telling HM Revenue & Customs (HMRC) about it.