HM Revenue & Customs has won the right to get information about
customers’ offshore bank accounts in a landmark ruling.
The Special Commissioners have ruled that the taxman can get hold of account
details, in a case that is thought to have involved a high street bank.
The bank, unnamed in the proceedings, had tried to argue that the Revenue’s
request for information was incompatible with the Human Rights Act, a claim the
commissioner, John Avery Jones, rejected. He also decided that existing
information from a sample of offshore customers suggested that many did not
declare the interest earned, and that the request did not therefore amount to a
HMRC calculates that the investigation and the decision will yield a further
£347m of revenues, the Financial Times reported today.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy