Take part in our 'Seven days in Accountancy' quiz
Accounting Firms

Take part in our 'Seven days in Accountancy' quiz

8y Fraser Simpson , Reporter

Take part in our 'Seven days in Accountancy' quiz

Put your knowledge of the latest accountancy news to the test by taking part in our brand new quiz Read More...

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Queen's Speech: Millions of pension savings protected by new legislation
Administration

Queen's Speech: Millions of pension savings protected by new legislation

8y Fraser Simpson , Reporter

Queen's Speech: Millions of pension savings protec...

Queen's Speech legislation aims to crackdown on financial crime and protect those who have money in some auto enrolment schemes Read More...

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KPMG receives complaints over Isle of Man controversy
Accounting Firms

KPMG receives complaints over Isle of Man controversy

8y Fraser Simpson , Reporter

KPMG receives complaints over Isle of Man controve...

The Big Four firm's Canadian arm is accused of setting up offshore tax structures in the Isle of Man Read More...

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Taking Stock: VAT tribunal wraps up Chilango HMRC battle
Administration

Taking Stock: VAT tribunal wraps up Chilango HMRC battle

8y Taking Stock

Taking Stock: VAT tribunal wraps up Chilango HMRC ...

Mexican takeaway chain Chilango has lost its £700,000-plus VAT refund battle with HMRC after the taxman secured victory in a first-tier tribunal Read ...

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Panama commits to share financial account information
Administration

Panama commits to share financial account information

8y Richard Crump , Writer

Panama commits to share financial account informat...

Bahrain, Lebanon, Nauru, Panama and Vanuatu commit to share financial account information automatically with other countries Read More...

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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...

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£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...

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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...

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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...

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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...

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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...

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Britons in risk of ‘Brexit tax’ if UK leaves EU, claims OECD
Administration

Britons in risk of ‘Brexit tax’ if UK leaves EU, claims OECD

8y Fraser Simpson , Reporter

Britons in risk of ‘Brexit tax’ if UK leaves EU, c...

Brexit could hit UK GDP by as much as 3% by 2020, the international economic body has claimed Read More...

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Top ten firm pinches partner from EY
Administration

Top ten firm pinches partner from EY

8y Fraser Simpson , Reporter

Top ten firm pinches partner from EY

Smith & Williamson announce appointment of former EY worker John Cooney as partner, ten years after leaving the firm Read More...

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‘Cause for serious concern’: Tyrie expresses Making Tax Digital fears
Administration

‘Cause for serious concern’: Tyrie expresses Making Tax Digital fears

8y Fraser Simpson , Reporter

‘Cause for serious concern’: Tyrie expresses Makin...

Treasury committee chairman believes that large businesses could be adversely hit by HMRC’s latest digital initiative Read More...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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New HMRC exec chair outlines priorities to PAC
Administration

New HMRC exec chair outlines priorities to PAC

8y Fraser Simpson , Reporter

New HMRC exec chair outlines priorities to PAC

Taxman’s executive chair looks to ‘bear down’ on tax avoidance and evasion in published letter to Meg Hillier Read More...

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