HMRC could receive up to £6bn more than expected from the newly created tax
on banker’s bonuses.
City analysts said the chancellor can expect to see between £5bn and £6bn
more than was previously expected,
Alistair Darling had hoped the banker’s bonus tax, announced at last year’s
pre-Budget report, would raise £550m.
Some city experts predict banks will absorb the tax rather than reduce
Bonuses are now subject to a 50% tax if they exceed £25,000.
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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