It is part of a new drive that will see 8,000 cases being chased by the Revenue where it feels NIC payments were avoided between 1985 and 1998, according to the Financial Times
Instead of paying cash to employees, the schemes would offer bonuses in the form of fine wines, rare metals and expensive carpets.
It is further evidence of the Revenue’s clampdown on tax avoidance which was announced in the April Budget. It has secured an extra £66m worth of funding in order to regain £1.6bn in lost tax receipts over the last three years.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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