Lycamobile structure too complex for KPMG auditors
Administration

Lycamobile structure too complex for KPMG auditors

8y Calum Fuller , Reporter

Lycamobile structure too complex for KPMG auditors

KPMG auditors unable to account for £134m of Lycamobile's assets due to company's opaque structure Read More...

View article
£27m victory for HMRC in BoI phantom tax loophole case
Administration

£27m victory for HMRC in BoI phantom tax loophole case

8y Fraser Simpson , Reporter

£27m victory for HMRC in BoI phantom tax loophole ...

Bank of Ireland subsidiary fails in its quest to avoid millions in tax Read More...

View article
HMRC production order demands cause headaches for practices
Accounting Firms

HMRC production order demands cause headaches for practices

8y Fraser Simpson , Reporter

HMRC production order demands cause headaches for ...

Taxman issues nearly 1,500 production orders last year to crack down on financial crimes Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
Stop shifting profits to tax havens, UN urges
Administration

Stop shifting profits to tax havens, UN urges

8y Fraser Simpson , Reporter

Stop shifting profits to tax havens, UN urges

UN report shows increased channelling of company funds into offshore tax havens such as the Cayman and British Virgin islands Read More...

View article
Avoidance scheme crackdown sees HMRC net £494m
Administration

Avoidance scheme crackdown sees HMRC net £494m

8y Fraser Simpson , Reporter

Avoidance scheme crackdown sees HMRC net £494m

Taxman’s Counter Avoidance Directorate behind the massive increase in revenue, law firm claims Read More...

View article
Taxman secures MSC tribunal victory
Administration

Taxman secures MSC tribunal victory

8y Fraser Simpson , Reporter

Taxman secures MSC tribunal victory

HMRC protects nearly £400,000 in tax following first-tier tribunal win, and expects to claw back a further £9m Read More...

View article
Former PwC employees to stand trial over Luxleaks scandal
Accounting Firms

Former PwC employees to stand trial over Luxleaks scandal

8y Fraser Simpson , Reporter

Former PwC employees to stand trial over Luxleaks ...

Two PwC whistleblowers and journalist to stand trial over alleged leaking of corporate tax documents Read More...

View article
Government pressure driving HMRC's scatter gun approach to criminal investigations
Administration

Government pressure driving HMRC's scatter gun approach to criminal investi...

8y Accountancy Age

Government pressure driving HMRC's scatter gun app...

Governmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes K...

View article
Tax transparency plans adopted across Europe
Administration

Tax transparency plans adopted across Europe

8y Fraser Simpson , Reporter

Tax transparency plans adopted across Europe

UK-led beneficial ownership plans adopted in over 20 jurisdictions, including Gibraltar, Isle of Man and Montserrat Read More...

View article
Offshore clampdown continues as HMRC protects £365m
Administration

Offshore clampdown continues as HMRC protects £365m

8y Fraser Simpson , Reporter

Offshore clampdown continues as HMRC protects £365...

First-tier tribunal rules against Clavis Liberty Fund, over the shadowy use of dividend funds Read More...

View article
HMRC blows away Project Zephyr avoidance scheme
Administration

HMRC blows away Project Zephyr avoidance scheme

8y Fraser Simpson , Reporter

HMRC blows away Project Zephyr avoidance scheme

Taxman victorious in first-tier tribunal, puts a halt to €84m Fidex avoidance arrangement Read More...

View article
Bermuda falls in line with OECD tax reporting agreement
Administration

Bermuda falls in line with OECD tax reporting agreement

8y Fraser Simpson , Reporter

Bermuda falls in line with OECD tax reporting agre...

British island territory agrees to sign OECD pact on tax co-operation, which has already been signed by 31 nations Read More...

View article
Tax vacancies increase following transparency pressures
Administration

Tax vacancies increase following transparency pressures

8y Fraser Simpson , Reporter

Tax vacancies increase following transparency pres...

Tax vacancies rose by 11% in London and the south east during Q1 of 2016, compared to the same period last year. Read More...

View article
UK pressures OECD to tackle unhelpful tax jurisdictions
Administration

UK pressures OECD to tackle unhelpful tax jurisdictions

8y Fraser Simpson , Reporter

UK pressures OECD to tackle unhelpful tax jurisdic...

Nations that defy international tax agreements should be listed and punished accordingly, Osborne suggests Read More...

View article
Five ways the European Commission can go further to combat tax avoision
Administration

Five ways the European Commission can go further to combat tax avoision

8y Fraser Simpson , Reporter

Five ways the European Commission can go further t...

Tax experts suggest ways the European authority can build upon its country-by-country reporting announcement Read More...

View article
PAC slams ‘woefully inadequate’ HMRC on tax fraud crackdown
Administration

PAC slams ‘woefully inadequate’ HMRC on tax fraud crackdown

8y Fraser Simpson , Reporter

PAC slams ‘woefully inadequate’ HMRC on tax fraud ...

Select committee says HMRC is making ‘limited progress’ in reducing tax fraud losses, claiming that the rich 'can get away with tax fraud' Read More...

View article
UK leads charge for action on beneficial ownership
Administration

UK leads charge for action on beneficial ownership

8y Fraser Simpson , Reporter

UK leads charge for action on beneficial ownership

Osborne delivers ‘another hammer blow’ to offshore tax evasion by announcing data partnership with biggest European economies Read More...

View article
HMRC victorious in Supreme Court film tax battle
Administration

HMRC victorious in Supreme Court film tax battle

8y Fraser Simpson , Reporter

HMRC victorious in Supreme Court film tax battle

Supreme Court rules in favour of taxman over long-running Eclipse 35 tax avoidance scheme Read More...

View article
Eclipse film tax avoidance scheme takes appeal to Supreme Court
Administration

Eclipse film tax avoidance scheme takes appeal to Supreme Court

8y Fraser Simpson , Reporter

Eclipse film tax avoidance scheme takes appeal to ...

The tax avoidance scheme involves high-profile individuals, including Sir Alex Ferguson Read More...

View article
CIoT welcomes government’s 'joined-up' Panama Papers investigation
Accounting Standards

CIoT welcomes government’s 'joined-up' Panama Papers investigation

8y Fraser Simpson , Reporter

CIoT welcomes government’s 'joined-up' Panama Pape...

Taxation body welcomes departmental investigation into Panama Papers, but questions government’s approach to clampdown on corporate tax evasion Read M...

View article
Osborne publishes tax return with help of HW Fisher
Accounting Firms

Osborne publishes tax return with help of HW Fisher

8y Fraser Simpson , Reporter

Osborne publishes tax return with help of HW Fishe...

Chancellor releases tax return following the controversy surrounding tax affairs of politicians, reveals connection with accountancy firm HW Fisher &a...

View article
Taxman raised nearly £500m extra corporation tax from SMEs
Administration

Taxman raised nearly £500m extra corporation tax from SMEs

8y Chris Warmoll , Writer

Taxman raised nearly £500m extra corporation tax f...

Extra yield shows that the taxman has ramped up its probes into ‘soft target’ small businesses, says Top 50 firm Read More...

View article
Top ten firm distances itself from Blairmore Holdings connection
Accounting Firms

Top ten firm distances itself from Blairmore Holdings connection

8y Fraser Simpson , Reporter

Top ten firm distances itself from Blairmore Holdi...

Source close to firm says it had 'no involvement or control' over where controversial fund was set up Read More...

View article
Cameron to announce new corporate offence for tax evasion
Administration

Cameron to announce new corporate offence for tax evasion

8y Fraser Simpson , Reporter

Cameron to announce new corporate offence for tax ...

Prime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...

View article
Friday Afternoon Live: Panama Papers and Young Professionals Day
Administration

Friday Afternoon Live: Panama Papers and Young Professionals Day

8y Calum Fuller , Reporter

Friday Afternoon Live: Panama Papers and Young Pro...

Kevin Reed talks Panama and the 35 Under 35. Read More...

View article
Colin: Panama Papers leak, anonymity regained?
Administration

Colin: Panama Papers leak, anonymity regained?

8y Taking Stock

Colin: Panama Papers leak, anonymity regained?

Colin thinks a new fashion trend will emerge following the Panama Papers leak Read More...

View article
Cameron letter urged Europe to protect offshore tax havens
Administration

Cameron letter urged Europe to protect offshore tax havens

8y Fraser Simpson , Reporter

Cameron letter urged Europe to protect offshore ta...

Prime Minister discouraged former European council president from making offshore trusts subject to an EU tax crackdown Read More...

View article