HMRC must demonstrate commitment to umbrella company regulation, experts say

HMRC HMRC must demonstrate commitment to umbrella company regulation, experts say

7m Sam Alberti

HMRC must demonstrate commitment to umbrella compa...

The tax office’s compliance activity has been described as “practically non-existent” Read More...

View article
HMRC names and shames two offshore tax avoidance schemes

HMRC HMRC names and shames two offshore tax avoidance schemes

11m Sam Alberti

HMRC names and shames two offshore tax avoidance s...

The two Belize-based schemes were "cynically marketed", a HMRC official said Read More...

View article
Market split on harsher treatment for tax avoiders

Contracting Market split on harsher treatment for tax avoiders

11m Sam Alberti

Market split on harsher treatment for tax avoiders

A new HMRC consultation will assess whether to criminalise the failure to comply with a Stop Notice Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
‘Absurd’ loophole sees UK tax avoidance schemes removed from HMRC list

HMRC ‘Absurd’ loophole sees UK tax avoidance schemes removed from HMRC list

11m Sam Alberti

‘Absurd’ loophole sees UK tax avoidance schemes re...

The Finance Act says that schemes can only be named and shamed for a year Read More...

View article
HMRC ‘must shoulder blame’ for disguised remuneration schemes

HMRC HMRC ‘must shoulder blame’ for disguised remuneration schemes

1y Sam Alberti

HMRC ‘must shoulder blame’ for disguised remunerat...

Use of the schemes has been rife since the latest IR35 private sector reforms, one market participant said Read More...

View article
“Damning” report highlights IR35 non-compliance in public sector

HMRC “Damning” report highlights IR35 non-compliance in public sector

2y Sam Alberti

“Damning” report highlights IR35 non-compliance in...

Whitehall departments could owe HMRC as much as £236m, according to the report Read More...

View article
Accountancy firms urged to help tackle umbrella company fraud

Tax Accountancy firms urged to help tackle umbrella company fraud

2y Rob Griffin

Accountancy firms urged to help tackle umbrella co...

Experts believe action plans are needed to tackle rising umbrella company fraud Read More...

View article
HMRC must "rebuild the trust" of taxpayers after Loan Charge failings

HMRC HMRC must "rebuild the trust" of taxpayers after Loan Charge failings

3y Sam Alberti

HMRC must "rebuild the trust" of taxpayers after L...

Government’s "misunderstanding" of how contracting works led to misinterpret "accidental" tax avoidance, critics say Read More...

View article
EU’s tax irregularities attract international attention

Tax Avoidance EU’s tax irregularities attract international attention

3y Leanna Reeves

EU’s tax irregularities attract international atte...

Need to bolster national coffers leads to OECD scrutiny Read More...

View article
New lockdown mindset shows consumers have low trust in businesses over tax paid

Business New lockdown mindset shows consumers have low trust in businesses over tax paid

4y Leanna Reeves

New lockdown mindset shows consumers have low trus...

Consumers demand further tax transparency from businesses Read More...

View article
Myths about HMRC's powers means it can overreach in civil inspections, experts warn

HMRC Myths about HMRC's powers means it can overreach in civil inspections, experts warn

4y Leanna Reeves

Myths about HMRC's powers means it can overreach i...

Experts have warned accountants and tax advisors about common myths regarding HMRC’s powers, believing it can overreach during civil inspections. Read...

View article
HMRC fraud investigations to have netted more than £610m since 2016

HMRC HMRC fraud investigations to have netted more than £610m since 2016

4y Leanna Reeves

HMRC fraud investigations to have netted more than...

The results acquired through a Freedom of Information Report (FOI) showed that HMRC's yield from investigations exceeded £610 million since the year 2...

View article
HMRC’s yield from investigations into wealthy individuals hits record

Personal Tax HMRC’s yield from investigations into wealthy individuals hits record

5y Leanna Reeves

HMRC’s yield from investigations into wealthy indi...

HMRC has experienced an increase in its revenue due to further investigations in the year 2018/19. Read More...

View article
UK presses ahead with digital services tax

Tax UK presses ahead with digital services tax

5y Chris Jewers

UK presses ahead with digital services tax

The UK and France are pressing ahead with a digital services tax (DST) in the face of pressure from the US Read More...

View article
HMRC loses £13.2bn in tax to criminals 

HMRC HMRC loses £13.2bn in tax to criminals 

5y Dave Beach

HMRC loses £13.2bn in tax to criminals 

HMRC statistics on the tax gap for 2017-2018 reveal overall underpaid tax has risen from £33bn in 2016-17 to £35bn, or 5.6% of all expected tax revenu...

View article
"Tax is the centre of the social contract" - SSE finance director

Tax "Tax is the centre of the social contract" - SSE finance director

5y Gregor Alexander, Finance director

"Tax is the centre of the social contract" - SSE f...

SSE's finance director Gregor Alexander explains why it was important for the company to receive a Fair Tax Mark - and why paying your fair share of t...

View article
Which UK town has the most tax avoidance?

Tax Avoidance Which UK town has the most tax avoidance?

5y Beth McLoughlin

Which UK town has the most tax avoidance?

Commuter belt St Albans is the worst part of the UK when it comes to unpaid tax according to research by UHY Hacker Young Read More...

View article
Tax evasion referrals jump 24% for individual taxpayers

Tax Tax evasion referrals jump 24% for individual taxpayers

6y Emanuela Hawker, Reporter

Tax evasion referrals jump 24% for individual taxp...

According to Pinsent Masons, HMRC could investigate 27 ‘serious’ tax evasion claims against some of the UK’s biggest businesses Read More...

View article
Appropriate tax systems – taxation in the ‘Fourth Industrial Revolution’

Corporate Tax Appropriate tax systems – taxation in the ‘Fourth Industrial Revolution’

6y Jane Mackay, Crowe

Appropriate tax systems – taxation in the ‘Fourth ...

With proposals for an Amazon tax on the table, how can the UK tax system catch up with the implications of the Fourth Industrial Revolution? Read More...

View article
Autumn Statement: tax gap under further attack

Corporate Finance Autumn Statement: tax gap under further attack

6y Stephanie Wix, Writer

Autumn Statement: tax gap under further attack

New penalties are planned for those who enable the use of a tax avoidance scheme, announced in the Autumn Statement speech Read More...

View article
Incoming FCA chair admits “error in judgement” over investment in tax avoidance scheme

HMRC Incoming FCA chair admits “error in judgement” over investment in tax avoidance scheme

6y Accountancy Age

Incoming FCA chair admits “error in judgement” ove...

Randell took responsibility for the mistake but said the scheme had been discussed with senior policy officials at HMRC “who had indicated that they a...

View article
EU parliament to launch tax inquiry in the wake of the Paradise Papers

Legal EU parliament to launch tax inquiry in the wake of the Paradise Papers

6y Accountancy Age

EU parliament to launch tax inquiry in the wake of...

The committee's remit will cover EU VAT fraud, non-dom rules and the EU tax haven black list Read More...

View article
Richard Murphy, Founder, Tax Research UK

People In Business Richard Murphy, Founder, Tax Research UK

6y Accountancy Age

Richard Murphy, Founder, Tax Research UK

Murphy is an impressive combination of chartered accountant, political economist, university professor, and anti-poverty campaigner Read More...

View article
HMRC ‘deliberate error’ penalties up by 19%

HMRC HMRC ‘deliberate error’ penalties up by 19%

6y Accountancy Age

HMRC ‘deliberate error’ penalties up by 19%

The number of penalties issued by HMRC to taxpayers for intentionally submitting an erroneous tax return increased by 19% in 2016-17, compared to the ...

View article
Paradise Papers: The role of the accountant

HMRC Paradise Papers: The role of the accountant

6y Accountancy Age

Paradise Papers: The role of the accountant

The leaks have reignited a public debate about the structures that permit tax avoidance and the professionals complicit in creating them Read More...

View article
Tax gap closes to record low

HMRC Tax gap closes to record low

6y Austin Clark, Editor

Tax gap closes to record low

Statistics from HMRC reveal the UK tax gap fell to a record low of 6% in the 2015/16 tax year Read More...

View article
HMRC triumphs over tax avoidance scheme expected to net £325m

HMRC HMRC triumphs over tax avoidance scheme expected to net £325m

6y Accountancy Age

HMRC triumphs over tax avoidance scheme expected t...

The Upper Tribunal ruled the scheme was “artificial and uncommercial” Read More...

View article
1 2 3 30