The Revenue is set on a clampdown on complicated contracts for international
City workers that allow them to avoid tax, reports suggest.
City workers who have complicated remuneration arrangements that allow them
to be paid in different countries according to different contracts, and thus
attract lower tax rates, are apparently under greater scrutiny.
The Revenue announced its intention to move on the dual contracts issue in
April of this year. Some banking sources are reported to be fretting about the
move, and have threatened the Revenue with moving activities abroad if the tax
climate becomes less favourable as a result.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay