Under tax agreements signed by several offshore financial centres with close
links to the UK, suspected tax evaders are under increased risk of facing
The British Virgin Islands, a British overseas territory, is the latest
country to sign a tax information exchange agreement with the home country,
following a similar deal on Monday with Australia, the Financial Times
Jersey, a crown dependency, made a tax information exchange agreements with
seven Nordic countries on Tuesday, after making deals with the US, Netherlands
and Germany. It is at present in the final stages of negotiating one with
Britain. The Isle of Man signed a similar agreement with Britain a month ago.
Tax information exchange agreements are typically used sparingly because
countries seeking information must have a strong case against the individual
they wish to investigate.
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