Tax Avoidance

Best Practice | 20 Oct 16

The gap between between the amount of tax HM Revenue & Customs expected to collect in the last financial year and what it actually raised has fallen to its lowest ever level, and is now one of the smallest in the world.

Best Practice | 6 Oct 16

The Chartered Institute for Securities & Investment (CISI), a UK professional standards body for the financial services industry has defended advisers against British prime minister Theresa May’s pledge to crackdown on the profession for helping the rich avoid tax.

Tax & Regulation | 26 Sep 16

The UK tax office has won its tenth legal case against a serial tax avoidance promoter, NT Advisors, after it was found guilty of circulating payments for no other reason other than to generate tax deductions.

Tax & Regulation | 5 Sep 16

The leaders of the G20 nations have resolved to make greater efforts in implementing international transparency standards for the purposes of tackling corruption, tax evasion, terrorist financing, and money laundering.

Best Practice | 24 Aug 16

The UK tax office has announced plans to increase the penalties on anyone who has not paid outstanding taxes from offshore investments ahead of the start of a new data sharing agreement with the crown dependencies and territories in October.