Exclusive - Revenue in Levy probe.
The Inland Revenue has launched an internal investigation into whether Lord Levy's tax affairs were leaked by staff.
The Inland Revenue has launched an internal investigation into whether Lord Levy's tax affairs were leaked by staff.
Head office investigators have been unleashed in a bid to find out whether a politically motivated Revenue employee has carried out a breach of confidence.
The tax affairs of the millionaire Labour Party fundraising peer Levy – known to be a close friend of Tony Blair – have come under close scrutiny following revelations that Levy paid just #5,000 in tax last year.
A Revenue spokeswoman confirmed the internal investigation was taking place and that it would treat the process ‘seriously’.
‘The head office investigation will be looking into where the information could have come from.
‘The investigation will also be making sure that our systems are in place to ensure the public’s tax records continue to be kept confidential,’ she added.
Levy’s accountant Baker Tilly denied any leak could have come from them.
An official added: ‘All matters regarding our clients are confidential’.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article