HMRC blows away Project Zephyr avoidance scheme
Administration

HMRC blows away Project Zephyr avoidance scheme

9y 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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MoD defence target met through ‘creative accounting’
Politics

MoD defence target met through ‘creative accounting’

9y Fraser Simpson , Reporter

MoD defence target met through ‘creative accountin...

Department met Osborne’s defence spending pledge through what appears to be creative (albeit permissible) accounting 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

9y 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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‘Flawed’ HMRC VAT thinking costing micro business, claims ATT
Accounting Standards

‘Flawed’ HMRC VAT thinking costing micro business, claims ATT

9y Fraser Simpson , Reporter

‘Flawed’ HMRC VAT thinking costing micro business,...

Tax association is calling on HMRC to review its guidance around the VAT flat rate scheme to help SME owners Read More...

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Taxman thwarts £100m worth of online fraud
Politics

Taxman thwarts £100m worth of online fraud

9y Fraser Simpson , Reporter

Taxman thwarts £100m worth of online fraud

Fraud totalling over £103m was prevented by HMRC between 2014 and 2015, finds government cyber security report 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

9y 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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HMRC victorious in Supreme Court film tax battle
Administration

HMRC victorious in Supreme Court film tax battle

9y 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

9y 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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Eclipse film tax avoidance scheme takes appeal to Supreme Court
Administration

Eclipse film tax avoidance scheme takes appeal to Supreme Court

9y 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...

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Harrow accountant convicted of Gift Aid fraud
Administration

Harrow accountant convicted of Gift Aid fraud

9y Richard Crump , Writer

Harrow accountant convicted of Gift Aid fraud

HMRC investigation finds Harrow accountant guilty of Gift Aid and VAT fraud Read More...

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Montpelier Professional winding-up order withdrawn
Accounting Firms

Montpelier Professional winding-up order withdrawn

9y Calum Fuller , Reporter

Montpelier Professional winding-up order withdrawn

Winding-up order against Montpelier Professional withdrawn, CEO tells Accountancy Age Read More...

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The red flags accountants must understand to combat money laundering
Legal

The red flags accountants must understand to combat money laundering

9y Accountancy Age

The red flags accountants must understand to comba...

Consistency is crucial in tackling the money laundering threat, writes Angela Foyle, partner (Financial Services) at BDO Read More...

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

Taxman raised nearly £500m extra corporation tax from SMEs

9y 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...

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Montpelier Professional faces second winding-up order in four years
Accounting Firms

Montpelier Professional faces second winding-up order in four years

9y Calum Fuller , Reporter

Montpelier Professional faces second winding-up or...

Holding company of Montpelier group of accountancy firms facing second winding-up petition from HMRC since 2012 Read More...

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Cameron to announce new corporate offence for tax evasion
Administration

Cameron to announce new corporate offence for tax evasion

9y 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...

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Cameron letter urged Europe to protect offshore tax havens
Administration

Cameron letter urged Europe to protect offshore tax havens

9y 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...

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HMRC slammed by business community over quarterly tax returns
Accounting Software

HMRC slammed by business community over quarterly tax returns

9y Fraser Simpson , Reporter

HMRC slammed by business community over quarterly ...

A business group that advises HMRC on small businesses has criticised the taxman’s digital tax plans Read More...

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Why HMRC will struggle to gain convictions from the Panama data leak
Administration

Why HMRC will struggle to gain convictions from the Panama data leak

9y Fraser Simpson , Reporter

Why HMRC will struggle to gain convictions from th...

Accountancy Age analyses the stumbling blocks that the taxman will encounter as it looks to claw back evaded tax following the Panama papers leak Read...

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‘Profound concerns’ over HMRC’s data handling: Advisers react to Panama leak
Administration

‘Profound concerns’ over HMRC’s data handling: Advisers react to Panama lea...

9y Fraser Simpson , Reporter

‘Profound concerns’ over HMRC’s data handling: Adv...

Tax experts give their verdict on the Mossack Fonseca scandal, with opinion spilt over whether HMRC will jump into action and bring evaders to justice...

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Colin: Paying for your sins... with tax
Personal Tax

Colin: Paying for your sins... with tax

9y Taking Stock

Colin: Paying for your sins... with tax

The news HMRC had made £1.6bn from its sin tax crackdown conjured quite a vivid image fro Colin Read More...

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Taxman collects over £150m in capital gains tax crackdown
Administration

Taxman collects over £150m in capital gains tax crackdown

9y Fraser Simpson , Reporter

Taxman collects over £150m in capital gains tax cr...

HMRC continues its battle against marketed CGT avoidance schemes with £154m intake Read More...

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HMRC confirms agreement to exit £10bn Aspire IT contract
Corporate Tax

HMRC confirms agreement to exit £10bn Aspire IT contract

9y Calum Fuller , Reporter

HMRC confirms agreement to exit £10bn Aspire IT co...

HMRC arranges final agreement in ending its Aspire IT contract with Capgemini and Fujitsu Read More...

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HMRC ups tax take from SMEs by £470m last year
Accounting Firms

HMRC ups tax take from SMEs by £470m last year

9y Chris Warmoll , Writer

HMRC ups tax take from SMEs by £470m last year

Tax take from inquiries into large businesses fell by 13%, from £4bn to £3.5bn, in the year end March 312014-15, UHY Hacker Young finds Read More...

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HMRC confused over lorry driver tax allowance, trade group claims
Accounting Firms

HMRC confused over lorry driver tax allowance, trade group claims

9y Fraser Simpson , Reporter

HMRC confused over lorry driver tax allowance, tra...

Taxman has failed to remove wrong information on its website over lorry drivers paying an overnight subsistence allowance Read More...

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Jail for takeaway owner who cooked his books
Corporate Tax

Jail for takeaway owner who cooked his books

9y Fraser Simpson

Jail for takeaway owner who cooked his books

Leicestershire fast food vendor jailed for 28 months for evading income tax and VAT Read More...

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HMRC rakes in £1.6bn from sin taxes
Corporate Tax

HMRC rakes in £1.6bn from sin taxes

9y Fraser Simpson

HMRC rakes in £1.6bn from sin taxes

Taxman struggling to win battle against black market, but investigations into cigarettes and alcohol are up 6% on last year Read More...

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Bolton settle unpaid tax bill with HMRC
Business Recovery

Bolton settle unpaid tax bill with HMRC

9y Calum Fuller , Reporter

Bolton settle unpaid tax bill with HMRC

Beleaguered Championship football club Bolton Wanderers pays off remaining £2.2m owed to taxman Read More...

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