HM Revenue and Customs is investigating claims by a whistleblower of alleged
tax avoidance schemes at Barclays Bank, the Guardian has reported.
The claims were linked to documents leaked at a time when the bank has
confirmed it is in talks with the Treasury about the government stepping in to
some of its riskiest assets.
The Barclays’ whistleblower is allegedly an employee of its structured
finance department at Canary Wharf and disclosed to the Liberal Democrats
details of a scheme codenamed Project Knight.
Details of a deal involving $16bn in US loans that allegedly generated
substantial tax benefits, involved a network of Cayman Island companies and
Luxembourg subsidiaries was leaked in a memo.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states