HMRC
Tax & Regulation | 7 Aug 17
Paying staff in gold ‘abnormal and contrived’ – UK tax panel
Employee incentive arrangements where workers are paid using gold bullion are “abnormal” and not a “reasonable course of action”, according to an independent panel set up to advise the UK government on disputes over potentially abusive tax arrangements.
Aussie and IoM schemes boost UK Rops list as transfers drop
HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) has grown by 10% on the back of more schemes from Australia and the Isle of Man being added. This rise, however, follows official figures showing that the number of Qrops transfers hit its lowest level for six years last year.
Tax & Regulation | 17 Jul 17
Four reasons why HMRC had a bumper year
Latest figures from the UK tax office show that it netted £29bn ($37.6bn, €32.9bn) in the past year just by cracking down on tax evaders, with overall tax coffers up 7% to £580bn in 2016/17. Here’s a breakdown of why HMRC is having a record year in revenues, according to its annual report.
Tax & Regulation | 14 Jul 17
HMRC tax clampdown brings £29bn boost to UK government coffers
HM Revenue & Customs’ action on tax avoidance, evasion and organised crime has brought in record additional revenues of £29bn ($37.6bn, €32.9bn) in the past fiscal year, as revealed in its latest annual report.
Tax & Regulation | 7 Jul 17
Ten ways HMRC is catching tax cheats
Recent high-profile wins against tax evaders prove that when it comes to cracking down on tax dodgers, HMRC is serious about stepping up not only its surveillance but also about finding innovative ways of catching out tax cheats. Here are some the methods the UK tax office employs.