Women in Finance: 6-10 revealed!
People In Business

Women in Finance: 6-10 revealed!

5y Beth McLoughlin

Women in Finance: 6-10 revealed!

Our second Women in Finance ranking spotlights influential women across various sectors, including government, business, finance and accountancy, who ...

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HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% rise on last year
HMRC

HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% ri...

6y Emanuela Hawker , Reporter

HMRC fraud investigation team collected £5.47bn in...

HMRC looking to expand further on the 13% increase from civil investigations Read More...

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Autumn Statement: tax gap under further attack
Corporate Finance

Autumn Statement: tax gap under further attack

6y Stephanie Wix , Writer

Autumn Statement: tax gap under further attack

New penalties are planned for those who enable the use of a tax avoidance scheme, announced in the Autumn Statement speech Read More...

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HMRC property raids reduce by 30% through use of AI and big data
HMRC

HMRC property raids reduce by 30% through use of AI and big data

6y Accountancy Age

HMRC property raids reduce by 30% through use of A...

HMRC is leveraging sophisticated algorithms and big data sources to gather evidence with greater ease and efficiency than property raids Read More...

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HMRC large business tax enquiry duration rises to 3 years
Corporate Tax

HMRC large business tax enquiry duration rises to 3 years

6y Accountancy Age

HMRC large business tax enquiry duration rises to ...

In 2016-17, the average length of time to settle a tax investigation rose to 34 months, up from 31 months in 2015-16. The tax authority has also incre...

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HMRC issues fines to 115 finance directors, senior finance executives
HMRC

HMRC issues fines to 115 finance directors, senior finance executives

6y Accountancy Age

HMRC issues fines to 115 finance directors, senior...

The fines were made under the Senior Accounting Officer regime, with the total number of penalties issued having increased 150% over the past five yea...

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‘Google tax’ nets HMRC £281m
Corporate Tax

‘Google tax’ nets HMRC £281m

7y Accountancy Age

‘Google tax’ nets HMRC £281m

Diverted profits tax revenue collected by HMRC in 2016-17 totalled £281m, leaping from £31m collected in the previous year, according to data released...

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Large businesses may have underpaid £25bn in tax
Tax Avoidance

Large businesses may have underpaid £25bn in tax

7y Accountancy Age

Large businesses may have underpaid £25bn in tax

HMRC suspects big businesses may have underpaid £24.8bn in tax in the last year, a rise of 13% from the year before Read More...

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HMRC wins 22 out of 26 tax avoidance cases in 2016-17
HMRC

HMRC wins 22 out of 26 tax avoidance cases in 2016-17

7y Accountancy Age

HMRC wins 22 out of 26 tax avoidance cases in 2016...

HMRC lost only three out of 26 tax avoidance cases taken to court last year and had one mixed result, positioning them as a formidable force Read More...

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HMRC dawn raids increased by 34% in five years
HMRC

HMRC dawn raids increased by 34% in five years

7y Accountancy Age

HMRC dawn raids increased by 34% in five years

This is part of HMRC’s efforts to clamp down on white collar tax evasion, and new legislation criminalising failure to prevent tax evasion will give H...

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HMRC tax evasion assistance requests double in five years
Corporate Tax

HMRC tax evasion assistance requests double in five years

7y Accountancy Age

HMRC tax evasion assistance requests double in fiv...

In 2012, HMRC made 591 requests to foreign governments. In 2016, this number stood at 1096, a 7% increase on 1025 requests made in 2015 Read More...

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HMRC invests in Fraud Investigation Service ahead of Criminal Finances Act
HMRC

HMRC invests in Fraud Investigation Service ahead of Criminal Finances Act

7y Accountancy Age

HMRC invests in Fraud Investigation Service ahead ...

HMRC has increased investment in its Fraud Investigation Service staff, suggesting that investigations into large corporates may be in progress Read M...

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Webinar: General Election 2017 – What happens now?
Corporate Tax

Webinar: General Election 2017 – What happens now?

7y Accountancy Age

Webinar: General Election 2017 – What happens now?

Join us exactly one year on from the Brexit referendum on 23 June at 10:30am for an Accountancy Age webinar in which we discuss what it all means for ...

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General Election 2017: Industry reaction
Making Tax Digital

General Election 2017: Industry reaction

7y Accountancy Age

General Election 2017: Industry reaction

A mere few weeks ago, a Conservative majority government seemed like a foregone conclusion. A strong theme has now emerged in reaction to the shock el...

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Global tax avoidance convention set to be signed by over 60 jurisdictions
Corporate Tax

Global tax avoidance convention set to be signed by over 60 jurisdictions

7y Accountancy Age

Global tax avoidance convention set to be signed b...

The convention is designed to implement a minimum standard to prevent against treaty abuse and strengthen mechanisms for dispute resolution Read More...

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FRC launches investigation into KPMG’s Rolls-Royce audit
Accounting Firms

FRC launches investigation into KPMG’s Rolls-Royce audit

7y Accountancy Age

FRC launches investigation into KPMG’s Rolls-Royce...

The investigation relates to the financial statements of Rolls-Royce Group for the year ending 31 December 2010, and Rolls-Royce Holdings for the year...

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Failure to prevent tax evasion becomes criminal offence in Criminal Finances Act 2017
Legal

Failure to prevent tax evasion becomes criminal offence in Criminal Finance...

7y Accountancy Age

Failure to prevent tax evasion becomes criminal of...

The legislation, expected to be implemented in September 2017, will make businesses liable for criminal acts committed by employees who encourage or a...

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HMRC collects £943m through Accelerated Payment Notices
HMRC

HMRC collects £943m through Accelerated Payment Notices

7y Accountancy Age

HMRC collects £943m through Accelerated Payment No...

APNs are issued to individuals and businesses who are suspected of having engaged in tax avoidance, and require full payment of the disputed tax withi...

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HMRC nets £2.6bn in corporate tax from big businesses
Corporate Tax

HMRC nets £2.6bn in corporate tax from big businesses

7y Accountancy Age

HMRC nets £2.6bn in corporate tax from big busines...

Additional tax a result of compliance investigations by HMRC, but overall revenue falls Read More...

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Tax avoidance crackdown sees 80% jump in additional HMRC revenue
Accounting Firms

Tax avoidance crackdown sees 80% jump in additional HMRC revenue

7y Stephanie Wix , Writer

Tax avoidance crackdown sees 80% jump in additiona...

An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance Read More...

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Disputed 'transfer pricing' tax up 60% to £3.8bn
Company News

Disputed 'transfer pricing' tax up 60% to £3.8bn

7y Stephanie Wix , Writer

Disputed 'transfer pricing' tax up 60% to £3.8bn

The tax HMRC expects is underpaid by large companies through “transfer pricing” has risen by 60% Read More...

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Insolvencies fall this quarter but Brexit may lead to business failures next year
Accounting Firms

Insolvencies fall this quarter but Brexit may lead to business failures nex...

7y Stephanie Wix , Writer

Insolvencies fall this quarter but Brexit may lead...

Businesses remain concerned about the upcoming changes with Brexit, but insolvency numbers have fallen during this third quarter Read More...

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HMRC ramps up number premises raids
Corporate Tax

HMRC ramps up number premises raids

8y Richard Crump , Writer

HMRC ramps up number premises raids

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 ...

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HMRC widens APN applications
Tax Bodies

HMRC widens APN applications

8y Stephanie Wix , Writer

HMRC widens APN applications

HMRC is now targeting over 1000 different types of tax planning schemes for the issuing of Accelerated Payment Notices (APN’s). HMRC has recently adde...

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Concerns raised for tax-paying non-doms
Personal Tax

Concerns raised for tax-paying non-doms

8y Stephanie Wix , Writer

Concerns raised for tax-paying non-doms

UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefo...

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Treasury crackdown on advisers that enable tax avoidance ‘goes too far’
Tax Bodies

Treasury crackdown on advisers that enable tax avoidance ‘goes too far’

8y Richard Crump , Writer

Treasury crackdown on advisers that enable tax avo...

Plans to fine accountants, tax planners and advisers who design, market or facilitate the use of tax avoidance arrangements go ‘too far’ and risk capt...

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Post-Brexit surge of EU tax cases expected
Corporate Tax

Post-Brexit surge of EU tax cases expected

8y Richard Crump , Writer

Post-Brexit surge of EU tax cases expected

Advisers anticipate a surge in the number of new tax cases sent to the Court of Justice of the European Union (CJEU) following the UK’s decision to le...

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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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