The government has disclosed that tax avoidance costs the UK £10bn a year.
The number is thought to be the first time HM Revenue & Customs has put a
figure on the issue.
The number will emerge tonight when a special Money Programme on tax
avoidance airs on BBC2.
The programme focuses on the world of tax avoidance, discussing schemes
ranging from Employee Benefit Trusts to partnership loans, used by partners in
‘No Tax Please, We’re Rich’ is broadcast tonight at 10pm on BBC2.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer